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The Australian Bureau of Statistics (ABS) counts those people who work part-time but would prefer to work full-time as 'employed'. Suppose the people who had

The Australian Bureau of Statistics (ABS) counts those people who work part-time but would prefer to work full-time as 'employed'. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as 'unemployed'. Explain how the unemployment rate and the labour force participation rate would change

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