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Jobs, Less Inflation Drive Down Misery By Marilyn Geewaxis

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Marilyn Geewaxs’ article, “More Jobs, Less Inflation Drive Down ‘Misery’- So Where’s The Joy?”, is truly eye opening. It provides a roadmap to better understand the material presented in the article. This made it easier to read and comprehend the information, avoiding any possible frustration created by a lack of understanding. The writing was simple, yet bold. Information was effortlessly portrayed, but there was a tang to it that allured the attention of its readers, including myself. This is the reason I was highly attracted to this article, and the reason it was selected for my review. The United States experienced a decrease in the unemployment rate and a decline in the misery index. However, individuals did not experience an increase in happiness like they should’ve based on the concept of the misery index. The article successfully retells the history of …show more content…

This report goes deep into the meaning of the misery index; a formula that takes the unemployment rate and inflation rate to calculate the well being of the economy1, as stated in chapter 35 in the textbook. The decrease in unemployment rate provided a beneficial output in the misery index, meaning that people should be happier. However, this measurement no longer creates the same effect as it previously did. People were not happier with the economic situation because they still other worries and debts stitched into their minds. This new benefit aided in the short run, but in the long run individuals still have other problems weighing them down. Throughout these last chapters read for the classroom there

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