Why might the unemployment rate fall after output starts recovering during the expansion phase of the business

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Why might the unemployment rate fall after output starts recovering during the expansion phase of the business cycle?

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Exploring Macroeconomics

ISBN: 9781285859446

7th Edition

Authors: Robert L. Sexton

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Question Posted: Nov 01, 2024 04:00 AM

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Why might the unemployment rate fall after output starts recovering during the expansion phase of the business cycle?
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Why might the unemployment rate fall after output starts recovering during the expansion phase of the business

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Exploring Macroeconomics

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