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3. All About the Natural Rate of Unemployment Answer the following questions. a. What do economists...

3. All About the Natural Rate of Unemployment Answer the following questions. a. What do economists mean by the natural rate of unemployment? b. Describe three factors that can affect the natural rate of unemployment and indicate the impact of each on the value of the natural rate of unemployment in an economy. c. What can you deduce if the actual rate of unemployment exceeds the natural rate of unemployment?

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