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How Do Changes in the Natural Rate of Unemployment Affect

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How do changes in the natural rate of unemployment affect the Phillips curve? What are the explanations for changes in the natural rate of unemployment?


Definitions:

Intellectual Disability

A term for significantly below-average cognitive ability and functional skills.

Extra Chromosome

An additional chromosome in the genome that can lead to genetic disorders, such as Down syndrome.

Independent Adult Life

A stage of life where an individual is fully responsible for their welfare and decision-making, often marked by financial and emotional autonomy.

Reliability

The consistency of a research study or measuring test. It refers to the extent to which a test or procedure produces stable and consistent results over time.

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