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    Macroeconomics Study Set 47
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    Exam 8: The Phillips Curve, the Natural Rate of Unemployment and Inflation
  5. Question
    Since 1980, the Average Unemployment Rate in Europe Has Been
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Since 1980, the Average Unemployment Rate in Europe Has Been

Question 31

Question 31

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Since 1980, the average unemployment rate in Europe has been significantly higher than the average unemployment in Australia. Explain why this has occurred.

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