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Assume that the total labor force is 65 million people and 35 million of them are employed. The natural rate of unemployment is 4 %

Assume that the total labor force is 65 million people and 35 million of them are employed. The natural rate of unemployment is 4 % . 1.2 % of the unemployed are frictionally unemployed. Calculate the number of people who are structurally unemployed. Round your answer to two decimal places if necessary. Answer Keypad Keyboard Shortcuts

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