What do you find correct and what incorrect in this claim

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Q. Assume 20 years later Old Orleans unemployment rate is 6%. Total population of economy is 290 million and size of civilian labour force is 150 million. Number of unemployed workers in economy is what?

Q. Consider following claim: price of gasoline has doubled and corresponding change in demand gravely hurt those who have long commutes to work. As a student of economics what do you find correct and what incorrect in this claim?

Reference no: EM1372303

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