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2 Briefly answer the following questions. (a) 'Countries in which workers rapidly lose their jobs must have high equilibrium unemployment rates.' Is this statement correct?

2 Briefly answer the following questions. (a) 'Countries in which workers rapidly lose their jobs must have high equilibrium unemployment rates.' Is this statement correct? Explain your answer. (b) Consider the following statement: 'Bitcoin is not money.' Given the definition and functions of money, is this statement correct? Explain your answer.

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