Macroeconomics: Private and Public Choice
Macroeconomics: Private and Public Choice
15th Edition
ISBN: 9781285453545
Author: Russell Sobel; Richard Stroup; James Gwartney; David Macpherson
Publisher: South-Western College Pub
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Chapter 15, Problem 9CQ
To determine

Explain the long-term unemployment comparison with a long-term recession.

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How does the most recent unemployment rate relate to the long-run average?
If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have to be created each month to keep unemployment from increasing?
When a recession hits, should the government take strong steps to get the economy going again and put the unemployed back to work?
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