Explain how much of current unemployment can be attribute

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What are the current rates of unemployment and inflation in Australia? If the NRU is 4.5% explain how much of the current unemployment can be attributed to cyclical factors? Why is it important to take into account changes in the participation rate and in the ratio of full to part time employment in assessing the economic and social impact of changes in the unemployment rate?

Reference no: EM1344913

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