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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

How do unions affect the natural rate of unemployment?

To determine

How do the unions affect the natural rate of unemployment.

Explanation

The natural rate of unemployment implies that there is always a certain level of unemployment existing in an economy, when it is in full employment level. The interferences of unions are also a reason for the natural rate of unemployment...

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