Unemployment Rate (UNRATE) DOWNLOAD Observation: Units: Frequency: Mar 2022: 3.6 (+ more) Percent, Monthly 1Y | 5Y | 10Y | Max 1949-01-01 to 2022-03-01 EDIT GRAPH Updated: Dec 2, 2022 Seasonally Adjusted FRED - Unemployment Rate 15.0 12.5 10.0 Percent 75 5.0 2.5 0.0 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Labor Statistics fred.stlouisfed.org E Noncyclical Rate of Unemployment (NROU) DOWNLOAD Observation: Units: Frequency: Q1 2027: 4.37575 (+ more) Percent, Quarterly 1Y | 5Y | 10Y | Max 1949-01-01 to 2027-03-01 EDIT GRAPH Updated: May 26, 2022 Not Seasonally Adjusted FRED- Noncyclical Rate of Unemployment 6.4 6.2 6.0 5 .8 5 .6 5.4 ercent 5.2 5.0 4.8 4.6 4.4 42 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 c. Compare the graph of "Unemployment Rate" and the graph of "Noncyclical Rate of Unemploy- ment" and state your understanding of how the difference (of "Unemployment Rate" and "Non- cyclical Rate of Unemployment") is related to output and inflation in different stages of the business cycle in the short run without countercyclical policies