-Refer to Exhibit 16-5.If the economy is at point 3,and the natural unemployment rate exists at points 1,4,and 5,it follows that

Name: -Refer to Exhibit 16-5.If the economy is at point 3,and the natural unemployment rate exists at points 1,4,and 5,it follows that
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If the economy is at point 3 and the natural unemployment rate exists at points 1, 4, and 5, it implies that the economy is producing beyond its natural capacity, indicating that Real GDP is greater than Natural Real GDP.