Assume that the economy has just come out of a severe recession, and growth is booming. The
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Assume that the economy has just come out of a severe recession, and growth is booming. The labor force is growing because many unemployed people who thought they could not find a job during the recession now think they can and have started to look. But, these people do not find a job this month. What do you think will happen to the unemployment rate this month?
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The unemployment rate would likely increas...View the full answer
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