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1. What does a long period of unemployment do for an individual's long term income prospects? Explain your answer in terms of MRP. 2.How might

1. What does a long period of unemployment do for an individual's long term income prospects? Explain your answer in terms of MRP.

2.How might long periods of high unemployment affect the nation's future productivity and living standards? You may answer in terms of shifts of the production possibility curve.

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