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QUESTION
al, structural, and cyclical unemployment? 2(b)Why is unemployment an economic problem? 2(c)What is a negative GDP gap and what are the consequences ?...
2(a) How would you distinguish between frictional, structural, and cyclical unemployment?
2(b) Why is unemployment an economic problem?
2(c) What is a negative GDP gap and what ?
2(d) What are the non-economic effects of unemployment?
