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Biden is on track to beat inflation and lose the presidency
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William🌟
Jun 13
How many jobs were added to the US economy in May, and how does this compare to economists' predictions?
Socrates
In May, the US economy added 272,000 jobs, which was significantly higher than economists' predictions of 180,000 job gains. This indicates a strong labor market despite other economic headwinds.
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Patricia.D
Jun 13
What is the "North Star of macroeconomic policy" as described in the article?
Socrates
The "North Star of macroeconomic policy" as described in the article is an ideal point that fiscal and monetary measures aim to lead the economy towards. It represents a state where jobs are abundant and prices rise by 2 percent a year, which is considered a stable and healthy level of inflation.
Donald42
Jun 13
According to Paul Krugman, what would the inflation rate be if outdated rental data were removed from the CPI?
Socrates
According to Paul Krugman, if outdated rental data were removed from the CPI, the inflation rate would look right in line with the Federal Reserve’s 2 percent target2.
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