FRED - Unemployment Rate 10 6. 3. 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate US recesstons Source: US Bureau of Labor Statistics myt.red/gwoss What is the relationship between the unemployment rate and Real GDP? O Unemployment decreases when Real GDP decreases O Unemployment increases when Real GDP decreases O Unemployment and Real GDP are not related O Unemployment and Real GDP both increase in periods of stagflation

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