Unformatted text preview: bringing in employment not only in the short run but also in the long run leading an increase in labor efficiency which will increase growth rate of standards living. According to the U.S Beau of Economic Analysis, Real GDP increased at an annual rate of 2.8 percent in the third quarter of 2009. This shows we are on the recovery since real GDP stopped falling. However, unemployment...
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This note was uploaded on 02/17/2010 for the course ECON ECON taught by Professor Shomali during the Spring '04 term at Berkeley.
- Spring '04