Why do economists pay more attention to national economies

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a. What factors might contribute to a low level of productivity in an economy? Compare these to the rapid productivity growth experience by the United States during the 1990s.

b. Why do economists pay more attention to national economies than state or regional economies?

c. Discuss the differences between unemployment and underemployment and give examples of each. Include in your contribution the differences between fiscal and monetary policy and how each would be used to reduce high levels of unemployment.

Reference no: EM13206255

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