EBK MACROECONOMICS
EBK MACROECONOMICS
10th Edition
ISBN: 9780134896571
Author: CROUSHORE
Publisher: VST
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Chapter 1, Problem 2RQ
To determine

To explain: the business cycle and the behavior of unemployment rateover the course of a business cycle. To ascertain whether the unemployment rate reach zero percent or not.

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What is a business cycle? How do businesses adapt to periods of contraction and expansion?
Explain how unemployment changes over the business cycle. Why do these changes occur?
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