Unemployment rates and inflation rates vary widely globally. Unemployment rates differ because nations have different natural rates
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Unemployment rates and inflation rates vary widely globally.
Unemployment rates differ because nations have different natural rates of unemployment and often are in different phases of their business cycles. Inflation and unemployment rates in the United States recently have been in the middle to low range compared with rates in other industrial nations.
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Related Book For
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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