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Relationship between inflation, unemployment, interest rates

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The topics of macroeconomics--inflation, unemployment, interest rates, and exchange rates--are the subject of newspaper headlines and television stories everyday. In your own words, discuss how these concepts relate to each other.

Why is the Recovery so Tepid?http://online.wsj.com/article/SB10001424052748703278604574624711732528426.html

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A detailed solution with around 1500 words has been provided. A detailed list of references with 10 references has also been included.

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