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Instructions The Mystery of Low Unemployment and Low Inflation: Background Information: The actual unemployment rate is lower than the estimated natural rate of unemployment. Our

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Instructions The Mystery of Low Unemployment and Low Inflation: Background Information: The actual unemployment rate is lower than the estimated natural rate of unemployment. Our AD-AS model tells us that when that happens we are in an \"inflationary gap" and that wages and prices should rise. FRED ,d Natural Rate of Unemployment (Long-Term) CMIIan Unemployment Rate 10 Inflationary Gap: The actual unemployment rate

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