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Explain why when the economy goes into full gear, producing robustly, unemployment falls, but inflation tends to rise: (1) Answer: Explain why when the economy
Explain why when the economy goes into full gear, producing robustly, unemployment falls, but inflation tends to rise: (1)
Answer:
Explain why when the economy falls into a recession, or even slows down, producing less, unemployment tends to rise, and yet inflation eases: (1)
Answer:
What's the UR based on the table below? (1)
Answer:
Frictional Unemployment =
1.8%
Seasonal Unemployment =
.4%
Structural Unemployment =
1.6%
Cyclical Unemployment =
.1%
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