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- Suppose the unemployment rate in Economia is 8%, and there are 2 million unemployed persons in the economy. What is the size of the labor force? Write your answer in millions of people. Answer: NexWhen the labour market is in equilibrium, it means that the number of jobs in the economy is equal to the number of people willing and able to work (the labour force). Why it then that there will always be unemployment in the economy, even when the labour market is in equilibrium (even when there is a job for everyone)?” DiscussDefine the three macroeconomic variables (inflation, unemployment, growth)