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Explain using examples three types of unemployment we

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a) Describe using examples the three types of unemployment we generally come across and which of these are included in the definition of natural unemployment.

b) Is there a relationship between potential GDP and Natural unemployment rate? Explain.

c) The unemployment rate in November 2011 came down to 8.6% from 9.0% in the previous month. What could be a possible reason for the decrease in the unemployment rate even when many new jobs were not being created in the economy at that time?

Reference no: EM13392147

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