Textbook_Solutions_chpt2

272143 1795443 0261704 1950406 0084453 0592452 032848

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 0.654689 -0.27549 0.349502 Crisis Recession GDP Date growth 2007.1 0.135753 2007.2 0.899962 2007.3 0.730248 2007.4 0.423518 2008.1 -0.44424 2008.2 0.329394 2008.3 -0.92859 2008.4 -2.30077 2009.1 -1.70994 2009.2 -0.17294 2009.3 0.420843 2009.4 0.937414 GDP growth has larger negative values in the crisis recession b. Within the three years above, the unemployment rate peaks at 10.0% in October 2009 and at only 5.7% in December 2001. c. The unemployment rate is high even at the end of the 3-year periods above. Unemployment stays high well after the fall in output. The labor market does not recover quickly....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online