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The graph shows the unemployment rate and the natural unemployment rate between 1980 and 2017. Draw a point that shows the unemployment rate?when: ?? ?1)
The graph shows the unemployment rate and the natural unemployment rate between 1980 and 2017.
Draw a point that shows the unemployment rate?when:
??
?1) real GDP is less than potential GDP. Label it 1.
??
?2) real GDP is greater than potential GDP. Label it 2.
??
?3) real GDP is equal to potential GDP. Label it 3.
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