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An Increase in the Rate of Aggregate Economic Growth Usually

question 110

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An increase in the rate of aggregate economic growth usually speeds up the rate of change in the structure of labour demand.As a result,we can expect that structural unemployment will ________,and will therefore cause the NAIRU to ________.


Definitions:

Descriptive Norms

Social norms that describe what behaviors are typically performed in a specific context, acting as guidelines for appropriate behavior.

Injunctive Norms

Socially accepted rules or behaviors that are endorsed and expected by a group, influencing members' actions.

Centralized Communication

A form of communication structure in organizations where all decisions and processes flow through a central point of command.

Decentralized Communication

A mode of communication where messages are exchanged without a central control point, allowing for more direct and varied paths of information flow.

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