You might think it would be worse if other people are unemployed at the same time as

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You might think it would be worse if other people are unemployed at the same time as you were because it would be harder to find a job. But the psychological evidence shows the opposite. Give a few reasons why unemployment may seem less painful to individuals if their peers are also unemployed.
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Macroeconomics Principles Applications and Tools

ISBN: 978-0134420684

9th edition

Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

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