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Consider two hypothetical countries. In Country A, 27% of the labor force is unemployed for four months a year. In Country B, 12% of the
Consider two hypothetical countries. In Country A, 27% of the labor force is unemployed for four months a year. In Country B, 12% of the labor force is unemployed for nine months a year. Note that both countries have an overall unemployment rate of 9%. Discuss which of these countries seem to have a more serious unemployment problem and explain why.
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