Question: Use a properly labeled graph to illustrate the relationships between full-employment (or potential or natural rate of output) output and the boom-bust of business cycles.

Use a properly labeled graph to illustrate the relationships between full-employment (or potential or natural rate of output) outputand the boom-bust of business cycles. Explain how actual unemployment, frictional unemployment, structural unemployment, cyclical unemployment, natural unemployment, actual output, andare related to each other throughout a business cycle.Showyourstep-by-step derivationwithexplanation relatedto thegraph

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