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Suppose the firm mark up over the cost is 10% and the wage setting equation is W=P (1-u) where U is the unemployment rate.
a) Find out the real wage rate implied by the price setting equation.
b) Determine the natural rate of unemployment.
c) Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
Explain the stages and various coordination mechanisms involved in policy processes. Discuss various factors that influenced the agenda setting in policy processes.
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explain the stages and various coordination mechanisms involved in policy processes
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Explain the stages and various coordination mechanism nvolved in policy processes
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