Answer the following statements true (T) or false (F)
1) Any person without a job is considered to be unemployed.
2) Higher unemployment rates are linked with higher crime rates and higher rates of physical and
mental illness.
3) Inflation reduces the purchasing power of a person's income and savings.
4) From 1995 until the start of the recession in 2007, the U.S. economy grew at the same rate as
the economy of Japan.
1) F
2) T
3) T
4) F
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