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Topic Country - JAMAICA Is the current unemployment rate close to NAIRU? Higher or lower? At what stage of the Business Cycle is this country

Topic Country - JAMAICA

  1. Is the current unemployment rate close to NAIRU? Higher or lower?
  2. At what stage of the Business Cycle is this country presently in? Is there an inflationary or recessionary gap?
  3. What kind of fiscal and monetary policies is this country presently following? Expansionary or contractionary?
  4. What kind of exchange rate policy is this country presently following? Fixed exchange rate or flexible exchange rate?
  5. How is this country's economy going to perform in the coming years? What does the future look like? Will the unemployment rate and inflation rate change? Why or why not?

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