Suppose the fictional country of Yoren is facing an increase in the proportion of younger workers in the labor force due to a baby boom that began 16 years ago Most likely Yoren’s natural rate of unemployment will in the future The following graph shows Yoren’s potential real GDP (the tan line) and actual real GDP (the blue line) from 1990 to 2010 On the graph, use the grey star to highlight the area between the potential and actual GDP lines corresponding to the period when Yoren experienced economic expansion Expansion Actual GDP Om ?3 Potential GDP was equal to the natural unemployment rate rose above the natural rate fell below the natural rate 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 YEAR During the period you identified on the graph, Yoren’s actual unemployment rate
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