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this might help. Nairu and the natural rate are not the same thing. http://www.frbsf.org/econrsrch/wklyltr/wklyltr98/el98-28.html And no the UR doesn't adjust for structural unemployment etc...
Interesting...and great advice for someone starting their own business. Now if I can just forecast where the demand will be, that is the niche I will gravitate towards. I'd hate to be an expert on something no one wants.
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Mar 9, 2010