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Imagine that you oversee macroeconomic policy. What are some of the problems, difficulties, or hardships caused by unemployment? What are some of the problems, difficulties,

Imagine that you oversee macroeconomic policy.

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 would you choose?

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