Solved: Levels of unemployment in the united states, Finance Basics

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Levels of unemployment in the united states

Problem:

Suppose that oil prices hit an all time high of $100 a barrel, driving U.S. inflation up to 7% per year. At the same time, increasing foreign competition has generated unacceptably high levels of unemployment in the U.S. You are the Chair of the Federal Reserve. What do you suggest?

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Finance Basics: Levels of unemployment in the united states

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