insider/outsider model

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Which of the following statements are correct? In the insider/outsider model there is

  1. Unemployment due to the real wage being set above the market clearing level

  2. Cyclical unemployment in response to changes in aggregate demand

  3. Structural unemployment in response to hysteresis

  4. Both a and b

  5.  All of the above GET NUMBER 1 COLLEGE ESSAY FAST TODAY

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