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Question 2 It has been suggested that Australia has a two-speed economy that is, some sectors that are doing really well and some sectors that

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Question 2 It has been suggested that Australia has a two-speed economy that is, some sectors that are doing really well and some sectors that aren't. a. If we had perfectly working labour markets, what would you expect to happen to wages in the two sectors? Explain. b. How would you explain the ongoing existence of high wages in the mining sector and high levels of rural unemployment? c. What government policies would you recommend to overcome the two-speed economy

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