Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Chapter 1, Problem 2WWMD
To determine

The behavioral patterns of unemployment rates and recessions of the United States, over the past six decades.

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What are the two biggest recessions in terms of length and magnitude from the graph, the shaded areas show recession and 2020 is not included? How does the unemployment rate react during the two main recessions you have identified? What was the level of the unemployment rate during the first and the last quarter of negative growth for those two recessions?    What do you conclude about the link between recession and the variation in unemployment?
What are the two biggest recessions in terms of length and magnitude from the graph, the shaded areas show recession and 2020 is not included? How does the unemployment rate react during the two main recessions you have identified? What was the level of the unemployment rate during the first and the last quarter of negative growth for those two recessions? why data for France for 1980s is not avaliable What do you conclude about the link between recession and the variation in unemployment?
What are the two biggest recessions in terms of length and magnitude in the Graph. Remember shahded areas show recession and 2020 is not a part of the graph.  How does the unemployment rate react during the two main recessions you have identified? Please answer both questions.
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