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By the end of this section, you will be able to do the following: Explain frictional and structural unemployment; Assess relationships between the natural rate of employment and potential real Gross Domestic Product (GDP), productivity, and public policy; Identify recent patterns in the natural rate of employment, and Propose ways to combat unemployment.
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- Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional|practice