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Suppose that the labor market of Winterfell has a frictional unemployment rate of 2.5% and a structural unemployment rate of 1.6%. Suppose further that economic growth has been very brisk averaging about 2% per quarter and just last month inflation began to increase very slightly.

Which of the following statements is correct in relation to the likely unemployment rate in Winterfell?


It is roughly 6.1%.


It is roughly 4.1%.


It is roughly 0.9%.


It is roughly 0.0%.

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