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WHY THE FEDERAL GOVERNMENT
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adjustment Administration annual appropriate areas average billion budget business cycle CETA changes Chapter component construction sector Consumer Price Index contributions costs countercyclical policy countercyclical programs countercyclical public cyclical behavior cyclical unemployment cyclical volatility cyclically unemployed decline demand dollars downturn effective eligible Employment and Training employment growth rate estimates expenditures Federal Reserve Board finance frictional unemployment goals impacts income tax indexing indicator industries inflation inflationary interest rates investment job creation jobs created jurisdictions labor force labor market lead legislation LMAs Michigan monetary policy money supply participants percent personal income Phillips curve price increases price stability problems public employment programs public sector public service employment public works program public works projects PWIP quarter Rand Corporation recession reduce Region relatively responsiveness result revenues service employment programs South Dakota spending stabilization fund state-local Table targeted tax cut trigger unem unemployment insurance unemployment rate usury wage workers