In late 2010 economists were debating whether the U.S. economy was in a recession. GDP seemed to

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In late 2010 economists were debating whether the U.S. economy was in a recession. GDP seemed to be rising, yet the unemployment rate was stuck at close to 10 percent. In thinking about the economic distress experienced during a recession, which is the most important: high unemployment or falling GDP? Defend your answer.

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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