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(a) Explain why the official unemployment rate might have under-estimated the true unemployment condition in an economy? (11 marks) (b) Why the unemployment rate in
(a) Explain why the official unemployment rate might have under-estimated the true unemployment condition in an economy? (11 marks) (b) Why the unemployment rate in a market economy is never zero, even at full employment? (11 marks) (c) Discuss the government policies to reduce the structural unemployment. (11 marks)
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Macroeconomics
Authors: Charles I. Jones
1st Edition
978-0393926385, 0393926389
