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If you were prime minister,what would you do to reduce the natural rate of unemployment? Propose at least three different methods.
Risk-Free Asset
An investment with a guaranteed return and no risk of financial loss.
Standard Deviation
Standard deviation measures the amount of variation or dispersion from the average in a set of data points, indicating how spread out the numbers are.
Real Rate of Interest
The interest rate that has been adjusted to remove the effects of inflation; reflects the true cost of borrowing.
Nominal Rate
The rate of interest before adjustments for inflation, representing the face value rate agreed upon in financial instruments and agreements.
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