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Consider two hypothetical economies.In Economy A, 30% of labor force is unemployed for 6 months and the other 70% is fully employed for all 12
Consider two hypothetical economies.In Economy A, 30% of labor force is unemployed for 6 months and the other 70% is fully employed for all 12 months.On the other hand, in Economy B, all labor force is unemployed for 15% of the year.The unemployment rates in both the economies are 15 %. Which unemployment situation is worse, and why?
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