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A survey reveals that, on a small island, initially 1,000 people have jobs, 200 people are unemployed but are looking for jobs, and 400 people
A survey reveals that, on a small island, initially 1,000 people have jobs, 200 people are unemployed but are looking for jobs, and 400 people are neither working nor looking for work. Suppose that 200 of the 400 people who weren't looking for work now begin looking for work and that half of the new entrants find a job. The unemployment rate
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