Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download
Question:
Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download and graph the data series for the unemployment rate (UNRATE) from January 1948 until the most recent month available. Go to the web site of the National Bureau of Economic Research (nber.org) and find the dates for business cycle peaks and troughs. (The period between a business cycle peak and trough is a recession.) Describe how the unemployment rate moves just before, during, and just after a recession. How does the pattern for the 2007–2009 recession compare to the patterns for other recessions?
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Business Cycle Peak Business Cycle Trough August 1957 April 1958 April 1960 Februar...View the full answer
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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