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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1167 |
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That one cannot exist without the other's influence is particularly pertinent when assessing how government attempts to minimize inflation along with the size of variations that exist in the business cycle. Samuelson's article explains why there has come to be a balance of unemployment with inflation, noting several changes that have occurred in order to achieve what economists are now forecasting...
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In examining the economists' findings, Samuelson is quick to point out that "estimating the natural rate involves much guesswork" (Samuelson 33), contending that even with the guaranteed existence of such business cycles, "this elevates everyone's lifetime job prospects" (Samuelson 33).
An example of this existed in the 1980s, which marked what was to be a significant modification in both the economical and political structure of the oil market...
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