Suppose, as in the 1970's in the U

question 60

Essay

Suppose, as in the 1970's in the U.S., that demographic groups which typically have higher unemployment rates become a larger percentage of the labor force. Would this have any effect on the long-run Phillips curve?

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Definitions:

Verbal Behavior

Actions involving the use of words and language for communication.

Helper

An individual who provides assistance or support, often in a professional or volunteer capacity.

Paraphrasing

The act of restating text or speech in one's own words to clarify and simplify the original message.

Convey

To communicate or make known thoughts, feelings, or information to others.