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Discuss the costs of unemployment. Explain which components of the unemployment rate are responsible for the natural rate of unemployment? Considering this, discuss the policy

  1. Discuss the costs of unemployment.
  2. Explain which components of the unemployment rate are responsible for the natural rate of unemployment? Considering this, discuss the policy measures that could be used to reduce the natural rate of unemployment and, with reference to real-word examples, evaluate the effectiveness of such policies?

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