Lets look at how the unemployment rate changes during and after a typical recession. In Figure 28.5,

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Let’s look at how the unemployment rate changes during and after a typical recession. In Figure 28.5, does the unemployment rate tend to reach its peak during the recession, or does it usually reach its peak after the recession?  L 0 1

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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