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QUESTION

In the context of the model of economic fluctuations, answer the following (all parts carry equal marks) a. Why is the capital utilisation rate

In the context of the model of economic fluctuations, answer

the following (all parts carry equal marks)

a. Why is the capital utilisation rate procyclical?

b. How is the natural rate of unemployment determined?

c. Why does the unemployment rate rise during recession?

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