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  3. Study Set
    Principles of Economics Study Set 12
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    Exam 23: The Nature and Causes of Economic Fluctuations
  5. Question
    Explain the Connection Between Fluctuations in the Unemployment Rate Around
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Explain the Connection Between Fluctuations in the Unemployment Rate Around

Question 65

Question 65

Essay

Explain the connection between fluctuations in the unemployment rate around the natural rate of unemployment and fluctuations in real GDP around potential GDP.

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Real GDP rises above potential GDP when ...

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