Following the recession of 2001, there was a month in which employment and the unemployment both...

Transcribed Image Text:

Following the recession of 2001, there was a month in which employment and the unemployment both rose. Assuming the computations were correct, how is it possible for both to have increased? (5 points) 8. rate 9. Why might a favorable change in the economy, such as technological improvement or a decrease in the price of imported oil, be associated with an increase in frictional unemployment? (5 points) Following the recession of 2001, there was a month in which employment and the unemployment both rose. Assuming the computations were correct, how is it possible for both to have increased? (5 points) 8. rate 9. Why might a favorable change in the economy, such as technological improvement or a decrease in the price of imported oil, be associated with an increase in frictional unemployment? (5 points)

Answer rating: 100% (QA)

8 9 Frictional unemployment is the time period between jobs when a worker is searching for or transi... View the full answer