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Question 11 (10 points) (10 POINTS) Currently the annual inflation rate in our country is 8.3% and the unemployment rate
Posted: Sun Jun 05, 2022 4:51 pm
by answerhappygod
- Question 11 10 Points 10 Points Currently The Annual Inflation Rate In Our Country Is 8 3 And The Unemployment Rate 1 (86.61 KiB) Viewed 36 times
Question 11 (10 points) (10 POINTS) Currently the annual inflation rate in our country is 8.3% and the unemployment rate is 3.6% (as of May 2022). As you know both inflation and unemployment affect our society. For this problem assume that the current annual inflation rate is 2% and the current unemployment rate is 6%. a. If you were an adviser of President Biden and Treasury Secretary Janet Yellen, and TODAY you were asked to recommend ONLY ONE OF THE TWO FOLLOWING OBJECTIVES: i) LOWER INFLATION, or ii) LOWER UNEMPLOYMENT, WHICH ONE would you choose to recommend TODAY given the information provided above? b. EXPLAIN WHY YOU CHOOSE ONE OF THESE TWO OBJECTIVES OVER THE OTHER ONE. Use SIX (06) lines to EXPLAIN your position.