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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 6
Suppose the NAIRU is 5 percent, and the current unemployment rate is 4.5 percent. Are the following statements true or false?
a) The inflation rate is likely to fall in future months.
b) Real GDP is likely higher than potential GDP.
c) We can find jobs for more people without increasing inflation.
a) The inflation rate is likely to fall in future months.
b) Real GDP is likely higher than potential GDP.
c) We can find jobs for more people without increasing inflation.
Explanation
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Unemployment
It is the measure of ups a...
Economics: The Basics 1st Edition by Mike Mandel
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