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Fluctuation in Equilibrium Unemployment

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NBER1977-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0226
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Fluctuations in the equilibrium rate of unemployment can only be understood within a theory of the natural or equilibrium rate. It is not enough to say that unemployment is the difference between supply and demand in the labor market, though of course it always will be. In equilibrium, no
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1977-12-01
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