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Answer all parts below. a)Explain the influence of each of the following on the natural rate of unemployment i.Employment Insurance ii.the minimum wage iii.efficiency wages.

Answer all parts below.

a)Explain the influence of each of the following on the natural rate of unemployment

i.Employment Insurance

ii.the minimum wage

iii.efficiency wages.

b) How would the natural rate of unemployment have been affected by the Covid-19 pandemic?

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