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What do you understand by natural rate of unemployment? ' The current US economy is overheated because the unemployment rate is a full point below

What do you understand by natural rate of unemployment? 'The current US economy is overheated because the unemployment rate is a full point below its "equilibrium" rate? Justify the statement. Is it good or a cause of concern? Critically evaluate the statement with the help of theoretical underpinning of Phillips curve. Support your answer with suitable diagram/s.

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