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Macroeconomic 1. Using the internet, report the latest unemployment rate for your state. If data is...

Macroeconomic
1. Using the internet, report the latest unemployment rate for your state. If data is available, report the unemployment rate for your city (Gary) or county (Lake).
2. Describe the effects of unemployment on your state and local economy.
3. Recall the concept of the multiplier effect and use this in your description of the additional impacts beyond just those who are unemployed.
Evaluate the trade off between inflation and unemployment (the Phillips Curve).
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