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Why is there unemployment even when the economy is at full employment? What are some costs of unemployment? Is the CPI a biased measure of

Why is there unemployment even when the economy is at "full employment"?

What are some "costs of unemployment"?

Is the CPI a biased measure of the inflation rate and why?

How some government tax revenue and spending can depend on the state of the economy?

What are some limitations of using GDP as an indicator of standard of living and what would be some alternate measures?

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