32 After you have studied Economics in the News on pp. 500501, answer the following questions. a...

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32 After you have studied Economics in the News on pp. 500–501, answer the following questions.

a Compare the natural unemployment rate in Spain with that in the UK shown in Figure 21.5

(b) on p. 492.

b What happened to the unemployment rate in Spain in the second quarter of 2016? Would that be a change in cyclical unemployment or natural unemployment?

c What is the relationship between the unemployment rate and the output gap in Spain?

d What reforms could the Spanish government introduce to lower the long-term unemployment rate?

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 09:00 AM

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32 After you have studied Economics in the News on pp. 500501, answer the following questions. a Compare the natural unemployment rate in Spain with that in the UK shown in Figure 21.5 (b) on p. 492....
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32 After you have studied Economics in the News on pp. 500501, answer the following questions. a...

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Economics

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