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Prior to the Covid 19 downturn in 2010, the U.S. we recovered from a three-year recession. During the recession despite an economic growth rate well
Prior to the Covid 19 downturn in 2010, the U.S. we recovered from a three-year recession. During the recession despite an economic growth rate well above zero, unemployment showed little sign of declining much below ten percent. Focusing on the definition of the unemployment rate, explain how it is possible to have positive economic growth without declining unemployment. Do you expect a similar result relative to our Covid 19 economic downturn and recovery
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