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    Principles of Economics Study Set 8
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    Exam 28: Unemployment and Its Natural Rate
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    Explain How the Following Apparently Contradictory Statement Can Be True
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Explain How the Following Apparently Contradictory Statement Can Be True

Question 288

Question 288

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Explain how the following apparently contradictory statement can be true: Most spells of unemployment are short, and most unemployment observed at any given time is long-term.

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