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According to Business Cycles and Unemployment, what will happen to the U.S. economy and unemployment rate due to the COVID 19 pandemic? Please use specific
According to Business Cycles and Unemployment, what will happen to the U.S. economy and unemployment rate due to the COVID 19 pandemic?
Please use specific examples, such as unemployment which you or your family and friends encountered in the last twelve months, and answer the following questions:
- Which phase of the business cycle is the U.S. economy in right now?Explain in terms of economics
- What happened to the U. S. unemployment rate during the COVID 19 pandemic? (i.e. increase or decrease and by how much?)
- What is your prediction of unemployment situation in the U.S. after the COVID 19 pandemic? Explain in terms of economics
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