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Suppose the Australian economy experiences a downturn, and eventually stumbles into a recession. What do you think would happen to the unemployment and inflation rate
Suppose the Australian economy experiences a downturn, and eventually stumbles into a recession. What do you think would happen to the unemployment and inflation rate then? The unemployment rate will definitely increase. The change in inflation rate is, however, uncertain O The unemployment rate will definitely increase. The inflation rate will definitely decrease. O The change in the unemployment rate depends on the cause of the recession. The inflation rate will definitely decrease. O None of the above (i.e., all of the above answers are incorrect)
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