5-1 Discussion: Business Cycle Phenomena

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5-1 Discussion: Business Cycle Phenomena
Read the article entitled “Back to a Better Normal: Unemployment and Growth in the Wake of the Great Recession.” Focus on Christina Romer’s view of the “natural rate of unemployment.” Investigate Federal Reserve Economic Data (FRED II) estimations of the current natural rate of unemployment and the current rate of unemployment.
What would you infer regarding current output and employment? Explain why you do or do not find support for Romer’s view of the natural rate in this data.
Below provide is the website link to the reading material site for a topic discussion related to the “Back to a Better Normal: Unemployment and Growth in the Wake of the Great Recession” & “Federal Reserve Economic Data (FRED II)”

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