Friday, August 7, 2009

How close is the current unemployment rate to the natural rate? What effect does this have on the ec

I would say the current employment rate is probably a minimum of 4 percent off. How does it affect the economy? Profoundly, because if a person doesnt work, has no money, cant buy, and the economy is based on the GNP, it slows everything down. That is why work is so important. This is an opinion, not fact.

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