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ECONOMIC QUARTER 1 LAST QUARTER 1 INDICATOR 2020 QUARTER 2021 Real GDP ($M) 1550 1534 1420 CPI Index 260 250 220 UR (%) 6.5 7.1 9.2 Gross PDI ($M) 228 218 194 A) Calculate Economic growth for Slippery Rock. (B) On what part of the business cycle is the economy of Slippery Rock? Tell why. A) Calculate the inflation rate from Quarter 1 2020 to 2021. (B) How do you explain the behavior of prices from 2020-to 2021? The natural rate of unemployment in Slippery Rock is 5%. [4 pts. ] (A) In what part of the business cycle is the economy of Slippery Rock? (B) Given your answer to 4a, what type of unemployment is the key