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We see government's debt. Every month the government is collecting record revenue amounts yet still runs...

  1. We see government's debt. Every month the government is collecting record revenue amounts yet still runs a deficit. Those deficits have added up to large amounts of debt? Is the government's debt an economic problem? Why or why not?  
  2. Look up the most current unemployment (U3) report? What is significant about that report? What is the current labor force participation rate and why is that an important consideration when evaluating employment? How does U3 differ from U6 #'s?
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