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How Is a Decrease in the Natural Rate of Unemployment

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How is a decrease in the natural rate of unemployment shown in the Phillips curve diagram? Does this decrease change the inflation rate?


Definitions:

Data

Information collected for reference or analysis.

Standard Deviation

A tool for gauging the level of spread or diversity among a set of measurements.

Data

Collected information and statistics intended for analysis or reference.

Data

Information collected for analysis or reference in a structured or unstructured form.

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