Suppose that you are a candidate for the U.S. Congress. National Public Radio, which attracts an educated and sophisticated audience, interviews you about the economy. How will you answer each of the following questions?

a. Since it is fairly apparent that the economy cannot sustain full employment and stable prices at the same time, which of these two goals would you choose?

b. Do you favor using the full employment rate of unemployment or the natural rate of unemployment as a macro goal?

c. How would you reduce cyclical and structural unemployment? How far would you be willing to intervene in the operations of businesses to control unemployment?