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If labour markets are competitive, and trade unions are successful in pushing for higher wages, it can cause disequilibrium unemployment (real wage unemployment of q3. The extended essay requirement of the diploma programme, is one of the more enjoyable and challenging parts of the course students endeavor to write a mini-thesis on. Chapter 36: six debates over macroeconomic policy 1 should monetary and fiscal policymakers try to stabilize the economy 2 should the government fight.
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