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Although some of the minor changes are omitted, the section shows the rapid alternation of the strata: Feet 9 Sandstone and shale . . . . . . . . 25 8 Limestone . . . . . . . . . . . . . 18 7 Sandstone . . . . . . . . . . . . . 10 6 Coal . . . . . . . . . . . . . . . 1-6 5 Shale . . . . . . . . . . . . . . . 0-2 4 Sandstone . . . . . . . . . . . . . 40 3 Limestone . . . . . . . . . . . . . 10 2 Coal . . . . . . . . . . . . . . . 5-12 1 Fire clay . . . . . . . . . . . . . 3
Economists in a November 2000 conference organized by the ECB argued that a continent-wide inflation rate of 0-2 percent would increase structural unemployment in Europe's arthritic labor markets by a staggering 2-4 percentage points. Akerloff-Dickens-Perry concurred in the aforementioned paper. At zero inflation, unemployment in America would go up, in the long run, by 2.6 percentage points.
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