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Technology
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| Number of pages / Number of words: |
7 / 1687 |
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The third group is called the labor force; in 2002 this was approximately 50% of the population. (McConnell & Brue, 2004) Macroeconomists agree that when the economy has experienced growth from time to time, which is identified in the gross discount product growth rate, unemployment levels are seemingly low...
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The reasoning behind this is the rising of gross discount product levels. Knowing if the output is higher the more laborers are needed to keep up with the higher levels of production. However, when the levels of gross discount products are low, the rate of unemployment rises and potential goods and services are lost...
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