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Macroeconomic conditions affect the decisions firms and families make. Why, for example, might a high school graduate from Tasmania enter the job market during an

Macroeconomic conditions affect the decisions firms and families make. Why, for example, might a high school graduate from Tasmania enter the job market during an economic expansion, but apply to go to a Technical and Further Education (TAFE) college during a recession? What effect would this decision have on the official measure of the rate of unemployment in Tasmania?

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