Take a look at Figure 17-4, and suppose that the economy initially operates at point A, at

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Take a look at Figure 17-4, and suppose that the economy initially operates at point A, at which the inflation rate is 0 percent and the unemployment rate is 6 percent, which is the natural rate of unemployment. Then the inflation rate increases to 3 percent. Does reduced cyclical, frictional, or structural unemployment account for the resulting decrease in the unemployment rate at point B? Explain briefly.
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