Thinking as a manager, do you think unemployment is good news or bad news?  Defend you answer.
    The real rate of interest is the nominal or stated  rate of interest less inflation. If inflation rises, what implications does this  have for the real cost of borrowing? As a manager, how would your debt strategy  change during periods of high inflation?
    How closely should managers  watch national economic indicators? Are there local economic indicators that you  might use that would help you to better manage your day-to-day operations? What  are these?   

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