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Two Possible Explanations for the Decline in the Natural Rate

Question 16

Multiple Choice

Two possible explanations for the decline in the natural rate of unemployment in the United States over the past twenty years are:


A) the changing age structure of the population and more efficient labor markets.
B) advances in computer technology and globalization.
C) increasing wage inequality and skill-biased technological change.
D) greater quantities of human capital and increased average labor productivity.

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