14 Aug Economics
Imagine that you are in charge of macroeconomic policy. Answer these questions, being sure to explain your answers.
- What are some of the problems, difficulties, or hardships caused by unemployment?
- What are some of the problems, difficulties, or hardships caused by inflation?
- If you had to make a choice today between a policy that would head off increases in inflation or increases in unemployment, which one would you choose?
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