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Fundamentals of Microeconomics

Questions: 1.Has the U.S. economy achieved approximate full employment yet? Explain how we define ‘full employment’ and how you can tell whether or not that goal has been achieved. Use appropriate data to support your answer (see below). Be sure to cite the sources of your data in your essay. a.Use the Federal Reserve Bank of St. Louis’ estimate of the Natural Rate of Unemployment (short-term) at http://research.stlouisfed.org/fred2/series/NROUST

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18 Other / Other Washington State University / ECONS102 18 Nov 2020