Advanced Placement (AP), 02.02.2020 09:45 gunnatvinson
4. one of the goals of macroeconomic policy is to reduce the severity of business cycles.
a. during which part of the business cycle will unemployment be highest and during which part will it be lowest?
b. if the severity of business cycles were reduced, what would be the effect on each of the four types of unemployment and on the unemployment rate as a whole?
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4. one of the goals of macroeconomic policy is to reduce the severity of business cycles.
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