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High unemployment or falling gdp defend your answer

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Reference no: EM13340035

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.

Reference no: EM13340035

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