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Explain what the following concepts are: Macroeconomics Inflation Nominal GDP Structural Unemployment C+I+G+Xn REAL GDP FULL EMPLOYMENT CYCLICAL UNEMPLOYMENT NATURAL RATE FRICTIONAL UNEMPLOYMENT

Explain what the following concepts are:

Macroeconomics

Inflation

Nominal GDP

Structural Unemployment

C+I+G+Xn

REAL GDP

FULL EMPLOYMENT

CYCLICAL UNEMPLOYMENT

NATURAL RATE

FRICTIONAL UNEMPLOYMENT

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