Define the natural rate of unemployment and cyclical unemployment. What does negative cyclical unemployment mean?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:45 AM

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Define the natural rate of unemployment and cyclical unemployment. What does negative cyclical unemployment mean?

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The natural rate of unemployment is the rate of unemployment that prevails when output and e...View the full answer

Macroeconomics

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