Question: Need help for macroeconomics 4. Use a properly labeled graph to illustrate the relationships between full-employment (or potential or natural rate of output) output Y

Need help for macroeconomics

4. Use a properly labeled graph to illustrate the relationships between full-employment (or potential or natural rate of output) output Y and the boom-bust of business cycles. Explain how actual unemployment u, frictional unemployment up, structural unemployment us, cyclical unemployment uc, natural unemployment us, actual output Y, and YN are related to each other throughout a business cycle. Show your step-by-step derivation with explanation related to the graph or a zero will be assigned

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