1. Would a U6 version of the natural unemployment rate likely be higher or lower than the...

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1. Would a U6 version of the natural unemployment rate likely be higher or lower than the traditional natural unemployment rate? Explain your reasoning?
2. Why would using the U6 unemployment rate instead of the traditional unemployment rate almost certainly yield difference "appropriate" activist macroeconomic policies?
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Economics Today The Macro View

ISBN: 9780134478760

19th Edition

Authors: Roger LeRoy Miller

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