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Based on your understanding of the labor market model presented by Blanchard (i.e.,the WS and PS relations),explain what types of policies could be implemented to cause a reduction in the natural rate of unemployment.
Lease
A contractual arrangement in which one party agrees to rent property owned by another party for a specified period of time in exchange for payment.
Eminent Domain
The right of a government to expropriate private property for public use, with compensation provided to the owner.
Bequeath
To leave personal property to someone through a will.
Fair Compensation
Fair Compensation is equitable financial remuneration given to an employee for their services or to a party as reparation for loss, damage, or injury.
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