Economy is recovering from the recession

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Senator Snodgrass says, “You economists say the economy is recovering from the recession but corporations are sitting on piles of cash and the unemployment rate is not declining. If the economy is really getting better, why aren’t more people getting hired? I don’t think you know what you are talking about!” Carefully explain to the Senator why the facts he cites can be consistent with recovery from a recession.

Reference no: EM13860651

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