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1. a) Assume government decides to increase the duration of employment insurance program and pays benefits for a longer period . How would this change
1. a) Assume government decides to increase the duration of employment insurance program and pays benefits for a longer period . How would this change the unemployment rate ? What type of unemployment would be changed ? Is it short run or long run unemployment ? Answer the question using the terminology of the job search model . b)How could the hyperinflation be explained using the quantity theory of money
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