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3.Why does the Central Bank of Canada have a target for the rate of inflation?In particular, why is it important for the Central Bank to
3.Why does the Central Bank of Canada have a target for the rate of inflation?In particular, why is it important for the Central Bank to make inflation rates as predictable as possible?
4.a. Provide a definition for the natural rate of unemployment. How is your definition related to the potential output?
b. What are different unemployment categories that are included in the natural level of unemployment? Provide at least one example for each category.
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