To help steer the course of the aggregate economy: reducing the frequency and severity of recessions, promoting economic growth, and maintaining low rates of inflation and unemployment. a. market structure b. macroeconomic role c. distributive role d. microeconomic role

To help steer the course of the aggregate economy: reducing the frequency and severity of recessions, promoting economic growth, and maintaining low rates of inflation and unemployment. a. market structure b. macroeconomic role c. distributive role d. microeconomic role

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 1CQQ

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Question

To help steer the course of the aggregate economy: reducing the frequency and severity of recessions, promoting economic growth, and maintaining low rates of inflation and unemployment.

market structure

macroeconomic role

distributive role

microeconomic role

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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