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Suppose the Phillips curve is represented by the following equation: t- t-1= 20 - 2ut. Given this information, we know that the natural rate of
Suppose the Phillips curve is represented by the following equation: t- t-1= 20 - 2ut. Given this information, we know that the natural rate of unemployment in this economy is
5%
.6.5%
.20%
.10%
.none of these
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