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We have the following labor market dataat the beginning of January: Population over 16- 30,000 Employed- 18, 900 Unemployed - 2,100 Suppose that the Covid
We have the following labor market dataat the beginning of January:
Population over 16- 30,000
Employed- 18, 900
Unemployed - 2,100
Suppose that the Covid epidemic arrives in the country some time in March. What do you expect to happen to the labor market? Is this cyclical, structural or frictional unemployment?
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