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Imagine that you oversee macroeconomic policy. Start your discussion by responding to these questions and explaining your answers: What are some of the problems, difficulties,

  • Imagine that you oversee macroeconomic policy. Start your discussion by responding to these questions and explaining your answers:
    • What are some of the problems, difficulties, or hardships caused by unemployment?
    • What are some of the problems, difficulties, or hardships caused by inflation?
    • If you had to make a choice today between a policy that would head off increases in inflation or increases in unemployment, which one would you choose?

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