How do economists explain the high natural rate of unemployment in the 1970s and 1980s? How do

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How do economists explain the high natural rate of unemployment in the 1970s and 1980s? How do they explain the fall in the natural rate in the 1990s and early 2000s?

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:35 AM

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How do economists explain the high natural rate of unemployment in the 1970s and 1980s? How do

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Economists have proposed at least two major hypotheses to explain the increase in the natural rate o...View the full answer

Macroeconomics

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