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Homework answers / question archive / Explain the relationship between the unemployment rate and the natural unemployment rate as the economy moves through a business cycle
Explain the relationship between the unemployment rate and the natural unemployment rate as the economy moves through a business cycle.
When business cycle is in recession or contraction unemployment is increased, that time unemployment is above the natural rate of unemployment. Unemployment decreases when business cycle is in expansions period, during that time unemployment is below natural rate of unemployment.
