Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 32, Problem 6SCQ

Explain how the natural rate of unemployment may be higher in low-income countries.

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Students have asked these similar questions
Is a decrease in the unemployment rate necessarily a good thing for a nation? Explain.
Is it possible to protect workers from losing their jobs without distorting the labor market?
Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a bad thing for a nation? And is a decrease in the unemployment rate necessarily a good thing for a nation? Explain.

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Principles of Economics 2e

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