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2. Estimates of unemployment for the upcoming year have been developed as follows: Economy Unemployment Rate (%) Probability 0.15 FC Bust 20 ics 10 Average

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2. Estimates of unemployment for the upcoming year have been developed as follows: Economy Unemployment Rate (%) Probability 0.15 FC Bust 20 ics 10 Average Good Boom 0.50 0.20 0.15 What is the expected unemployment rate? The stan- dard deviation

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