as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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analyze the correlation between economic growth and unemployment.
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the correlation between economic growth and unemployment is generally inversely proportional. when the economy is growing and there is an increase in demand for labor, the unemployment rate tends to decline. conversely, when the economy is weak and demand for labor is low, the unemployment rate tends to rise.
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