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What is meant by the term full employment or natural rate of unemployment? If an economy is at full employment, does everyone in the labor

What is meant by the term "full employment" or "natural rate of unemployment"? If an economy is at full employment, does everyone in the labor force have a job?

What is the demographic transition? How is this important in understanding the rapid population growth seen in many developing countries in the 1960s and 1970s?

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