Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
Question
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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 is the current unemployment rate in the United States as of January 2021? What was the unemployment rate in the United States in January 2020?  How has the pandemic affected the unemployment rate from January 2020 to the present?
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 and when was the highest value of the unemployment rate?  What was the approximate value of the unemployment rate in January 2020?  How much did the unemployment rate rise between these two periods?  What is the value of the unemployment rate in them most recent period on your graph?
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