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Economics & Business
Natural unemployment rate
**Natural Unemployment Rate** The **natural unemployment rate** is the rate of unemployment that exists in a healthy economy, where the labor market is in equilibrium, and there is no inflationary or
Economics & BusinessThe Phillips Curve
**The Phillips Curve** The **Phillips Curve** is a graphical representation of the relationship between unemployment and inflation in the macroeconomy, where a tradeoff between low unemployment and p