Consider the following statements: a. Fewer people are employed in Freedonia now than at any time in
Question:
Consider the following statements:
a. Fewer people are employed in Freedonia now than at any time in the past 75 years.
b. The unemployment rate in Freedonia is lower now than it has been in 75 years.
Can both of those statements be true at the same time? Explain.
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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