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There is an increase in the rate of technological change

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Reference no: EM13323783

How would you expect each of the following factors to affect the natural rate of unemployment?

a. There is an increase in the rate of technological change.

b. The minimum wage falls.

c. Unemployment benefits (that is, the percentage of wages replaced by unemployment) are increased.

d. Improvements in information technology speed the matching of jobs and workers.

e. There is a recession.

Reference no: EM13323783

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