Why is the unemployment rate never 0 What is natural unemployment The

Why is the unemployment rate never 0 what is natural

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9.Why is the unemployment rate never 0%? What is natural unemployment? 10.Define price level, inflation, and deflation. 11.What is the relationship between real wages and inflation? 12. Understand how nominal loan rates are determined. Nominal interest rate = real interest rate + expected inflation. 13.When there is unexpected inflation, how are borrowers and lenders affected? 14.How does the Consumer Price Index measure inflation?
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15. How can the inflation rate between two years be measured using price indices (“indexes”)?’ Inflation Rate Change= New CPI-Old CPI x 100 Old CPI
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