2 questions – Macroeconomics – due 11/1 @ 7pm

1. Respond to the following in a minimum of 175 words: 
Describe the formula(s) used to determine the unemployment rate.
Describe how inflation is measured using the Consumer Price Index (CPI).

2. Respond to the following in a minimum of 175 words:
Discuss how the economy returns to equilibrium in response to changes in aggregate demand (AD) and aggregate supply (AS) in both the short run and long run.

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