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h. (5) Below you see the Beveridge curve for the US, and the time-series of unemployment and vacancies. Can you think of reasons why techological
h. (5) Below you see the Beveridge curve for the US, and the time-series of unemployment and vacancies. Can you think of reasons why techological progress that has ostensibly improved the e ciency of the matching process has not resulted in a progressive shift of the Beveridge curve and a downward trend in unemployment
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
