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Unformatted text preview: 4- Chapter IV The 3 goals of macroeconomics Business cycle and unemployment Expansion, recession and depression 5- Chapter V Definition of GDP 3 ways of measuring GDP Real vs. nominal GDP Types of unemployment Who is considered part of labor force? Who is considered unemployed? Figures 5 and 6 6- Chapter VI CPI GDP Price Index Inflation rate Changing a nominal variable into real [both absolute values and rates] 1 Review of all the problems that were done in class is also recommended. 2...
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