Consider the following statements: a. More people are employed in Tappania now than at any time in

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Consider the following statements:

a. More people are employed in Tappania now than at any time in the past 50 years.

b. The unemployment rate in Tappania is higher now than it has been in 50 years.

Can both of those statements be true at the same time? Explain.

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Principles Of Macroeconomics

ISBN: 9780374146412

10th Edition

Authors: Karl E. Case, Ray C Fair, Sharon C Oster

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