Describe the behavior of real GDP, the unemployment rate, and the inflation rate over the long term and the short term for the U.S. economy during the past 50 years. In what ways are movements in the three variables related?

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The Answer of Describe the behavior of real GDP, the unemployment rate, and the inflation rate over the long term and the short term for the U.S. economy during the past 50 years. In what ways are movements in the three variables related?

Describe the Behavior of Real GDP, the Unemployment Rate, and the Inflation