5. In contrast with the 1970s, the natural rate of unemployment in the 1980s will decline since...

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5. In contrast with the 1970s, the natural rate of unemployment in the 1980s will decline since there will be a gradual reduction in the number of youthful workers (and an increase in the number of prime-age workers) in the labor force.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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