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Prior to working on this discussion, read chapter 4 in the course text. Right af
Prior to working on this discussion, read chapter 4 in the course text. Right after the COVID19-induced recession, the economic growth in the US was booming. The labor force was growing because many unemployed people who thought they could not find a job during the recession thought they can and started applying for work. But not all these people found a job immediately. Based on this scenario, respond to the following questions:
Describe the impact on the unemployment rate immediately after such recessions.
Discuss how different types of unemployment are affected because of such recessions.
Explain if we should expect inflation in the economy in the aftermath of such recessions.
Your initial post should be a minimum of 300 words.
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