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a) Explain the effects of cyclical unemployment on the economy. b) Discuss why below-equilibrium or above-equilibrium GDP levels will not persist. c) Explain why economists

a) Explain the effects of cyclical unemployment on the economy.

b) Discuss why below-equilibrium or above-equilibrium GDP levels will not persist.

c) Explain why economists disagree with backing paper money with a certaincommodity such as gold.

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