Consider the following statements: a. Fewer people are employed in Freedonia now than at any time in
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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 Fredonia is lower now than it has been in 75 years.
Can both of those statetments be true at the same time? Explain.
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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