Explain how the recognition that macroeconomic policymaking is an inexact science affects your recommended policy response to
Question:
Explain how the recognition that macroeconomic policymaking is an inexact science affects your recommended policy response to the following situations: (LO4)
a. Your estimate of the natural rate of unemployment is 5 percent, and the actual unemployment rate is 5.5 percent.
b. Your estimate of the natural rate of unemployment is 5 percent, and the actual unemployment rate is 8 percent.
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Related Book For 
Principles Of Macroeconomics
ISBN: 9781259414367
6th Edition
Authors: Robert Frank, Ben Bernanke, Kate Antonovics
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