How would you reduce unemployment rate

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Reference no: EM133538271

Part 1: Class, GDP is a measure of our economic well-being, though this measure omits some things that are important in describing how well-off we are. Provide 3 specific examples of things that your think are important to you or to society, but which are omitted from the GDP measure.

Part 2: If you were the US President, how would you reduce unemployment rate?

Part 3: Suppose someone argues that inflation is good for business (because businesses receive higher prices) and bad for individuals (who pay the higher prices). Is there any validity to that reasoning? Why or why not?

Reference no: EM133538271

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