Suppose that among the 15 million unemployed people in Problem 7-17, currently 6.9 million are frictionally unemployed,

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Suppose that among the 15 million unemployed people in Problem 7-17, currently 6.9 million are frictionally unemployed, 5.9 million are cyclically unemployed, and 2.2 million are structurally unemployed. What is the natural rate of unemployment?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Aug 18, 2017 02:21 PM

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Suppose that among the 15 million unemployed people in Problem 7-17, currently 6.9 million are frictionally unemployed,

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Exploring Economics

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