Explain how the recognition that macroeconomic policymaking is an inexact science affects your recommended policy response to
Question:
a. Your estimate of the natural rate of unemployment is 5 percent, and the actual unemployment rate is 5.5 percent.
b. Your estimate of the natural rate of unemployment is 5 percent, and the actual unemployment rate is 8 percent.
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Understanding how macroeconomic policy is an inexact science a If your esti...View the full answer
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Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
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