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Edited by Telec:
2/28/2013 12:51:50 PM
17
Which is more important - GDP or unemployment?
You can gear a policy to help with GDP growth or with unemployment. Which do you choose?
(For the sake of argument, assume that the relative improvement is approximately the same, on whatever scale you choose to use)
And what if the policy which helped unemployment would damage GDP?
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I think unemployment is a bigger issue than the GDP growth. Having some sense of income--even if it is low and the value of cash is inflating--seems better to me than having no means of income, even if the GDP is growing.
