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Nav, an unemployed 62-year old, has spent the last few months looking for a job. After reflecting on her future, she decided to retire, instead

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Nav, an unemployed 62-year old, has spent the last few months looking for a job. After reflecting on her future, she decided to retire, instead of continuing her job search. Based on this information, we would expect to see In the labour force participation rate and in the unemployment rate

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