Suppose the following data describe a nation's population: (a) What is the unemployment rate in each year?
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(a) What is the unemployment rate in each year?
(b) Has the economy experienced an increase or a decrease in
i. The number of unemployed persons?
ii. The unemployment rate?
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a Year 1 58 percent Year 2 5625 percent b i The number of unemp...View the full answer
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