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How will the natural rate of unemployment be affected by the following changes? (a) The government decides to shorten the time period for unemployed workers
How will the natural rate of unemployment be affected by the following changes? (a) The government decides to shorten the time period for unemployed workers to receive cash assistance. (b) The government have established some state-owned enterprises, which will follow commercial practices to produce and sell goods in the market, while existing private producers and sellers of the same goods survive and keep doing business as usual. You should use suitable diagrams to illustrate the effects with brief explanation
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