a) State the point that represents the natural unemployment rate?
b) Represent the unemployment rate below the natural unemployment rate?
c) Represent the unemployment rate above the natural unemployment rate?
d) On the given graph, briefly explain points D and A
e) On the given graph, briefly explain points C and B
f) On the given graph, briefly explain points F and E.
g) State the reason, why the curve PC2 is to the right to the curve PC1.
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