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In late 2010 economists were debating whether the U.S. e

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In late 2010 economists were debating whether the U.S. economy was in a recession. GDP seemed to be rising, yet the unem

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In late 2010 economists were debating whether the U.S. economy was in a recession. GDP seemed to be rising, yet the unemployment rate was stuck at close to 10 percent. In thinking about the economic distress experienced during a recession which is the most important: high unemployment or falling GDP? Defend your answer

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