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1.Suppose by September the unemployment rate in America is 13.2% with inflation rates of 1.1%.This would indicate that aggregate demand and aggregate supply would intersect
1.Suppose by September the unemployment rate in America is 13.2% with inflation rates of 1.1%.This would indicate that aggregate demand and aggregate supply would intersect in segment ___ of the aggregate supply curve and the __________ of unemployment would be _______ than the natural rate of unemployment.
a.I; cyclical rate; greater
b.I; frictional; greater
c.II; structural; less t
d.III; cyclical; greater
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