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Suppose the working-age is 300 million, the labor force is 250, and employment is 240. 1- what is the unemployment rate? 2- now suppose that
Suppose the working-age is 300 million, the labor force is 250, and employment is 240. 1- what is the unemployment rate? 2- now suppose that 4 million students graduate from college and begin to look for jobs. What is the new unemployment rate if none of the students have found jobs yet? 3- suppose that all 4 million students find jobs. What is the unemployment rate now
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