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Quotes of the day:
Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.
Frictional unemployment is the result of employment transitions within an economy. Frictional unemployment naturally occurs even in a growing, stable economy. Workers leaving their jobs or new workers entering the workforce both add to frictional unemployment.
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