When the unemployment rate is greater than the natural rate, wages and prices will fall eventually.

Name: When the unemployment rate is greater than the natural rate, wages and prices will fall eventually.
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When the unemployment rate exceeds the natural rate, there is a surplus of labor, which can lead to downward pressure on wages. As wages decrease, businesses may also lower prices to maintain demand, leading to a potential decrease in overall price levels.

When the Unemployment Rate Is Greater Than the Natural Rate