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* For more details on this, see the book. updated version of Figure 6-4. Source: , obtained from /fls/home.htm * * * Table 6-1 Source: Same as textbook (OECD Economic Outlook 2004, as reported in NBER Macroeconomics Annual 2005.) * * * * * The natural rate of unemployment is the “normal” unemployment rate the economy experiences when it is neither in a recession nor a boom. Similar to Figure 1 in the textbook. The actual unemployment rate fluctuates considerably over the short run. These fluctuations are the focus of Part IV of the book. For this chapter, though, our goal is to
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