1.7 Based on the following data, compute (a) the unemployment rate, (b) the structural unemployment rate, and...
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1.7 Based on the following data, compute
(a) the unemployment rate,
(b) the structural unemployment rate, and
(c) the cyclical unemployment rate.
Frictional unemployment rate 2 percent Natural unemployment rate 5 percent Civilian labor force 100 million Number of employed persons 82 million
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