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Which Explanation for Persistent Unemployment Used by the Original Keynesian

question 137

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Which explanation for persistent unemployment used by the original Keynesian model is no longer needed in the new Keynesian model?


Definitions:

Malicious

Intending to do harm or cause damage to a computer system, network, or data, typically through viruses, worms, or Trojan horses.

Multi-Partite Virus

A type of computer virus that can infect both the boot sector and executable files, making it difficult to remove because it can be activated in multiple ways.

Hidden

Referring to files, directories, or settings not immediately visible to users or marked in a way that prevents their casual detection.

Mitotic Stage

A phase of the cell cycle involving mitosis, where the cell's nucleus divides, producing two daughter nuclei with the same genetic material as the parent cell.

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