The labor force in country XYZ is 10,000,000 and the number of employed is 7,000,000. Calculate the number of unemployed and the unemployment rate.
99) The actual unemployment rate exceeds the natural rate of unemployment. What are policymakers concerned about in this situation?
100) What are the costs associated with inflation?
101) What is the relationship between unemployment and the price level in the short run?
102) What are the two policy options used to influence the economy?
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