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replaced the United States UE with employment (EM) for the years 1977 to 2021 and examined how employment changed relative to … "jobless recovery" is that employment should not increase more rapidly than the real economy. …
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nonfarm payroll employment in the USA, the book emphasizes the role of aggregate demand shocks in causing the US economy to … AND BREAKS IN TREND: DOES HYSTERESIS IN EMPLOYMENT IMPLY HYSTERESIS IN THE GROWTH PATH OF REAL OUTPUT? -- CHAPTER 7 … demand on real GDP and employment levels in the long run. Hartman studies modern macroeconomic theories related to economic …
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