answer 7(5) - ECON 162-A0 A1 Fall 2015 Kenny Christianson due November 13 ANSWER KEY PROBLEM SET NUMBER SEVEN 1 a According to the BLS website the

answer 7(5) - ECON 162-A0 A1 Fall 2015 Kenny Christianson...

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ECON 162-A0, A1 Kenny Christianson Fall 2015 due: November 13 ANSWER KEY – PROBLEM SET NUMBER SEVEN 1. a. According to the BLS website, the current rate of unemployment for October 2015 is 5.1%, down slightly from 5.3% in August but constant since September. Since 2007 the unemployment rate increased to 10% due to the Great Recession, and then began to decline again starting in 2009.Unemployment rates 2005 – 2015, source: BLSb. For September 2015, the current rate of inflation as measured by the CPI was -0.2% ata monthly rate, down from -0.1% in August Recently the US economy has been experiencing deflation as measured by the CPI. Since 2007 the CPI has been roughly stable, with monthly changes less than 0.5%, except for a period in 2008 when the economy experienced inflation then deflation.CPI monthly inflation (2005 – 2015) source: BLS
Econ 162-A1, A2 Fall 2015 Answer Key 7 2

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