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An increase in GDP growth

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Describe the relationship between each of the following variables based on the experience of the U.S. economy over the past 30 years.
(a) GDP and the unemployment rate
(b) The interest rate and the inflation rate
(c) GDP and the inflation rate

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An increase in GDP growth is assessed.

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a. An increase in GDP growth implies that the company is producing more and that this is responding to high consumer demand. That means that companies are expanding or being created and that is creating employment. That employment can further propel GDP growth as people have more spending money.

b. If the interest rate is very low, people are likely ...

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