Question: This is a graph ( see below ) of 3 unemployment rates. The natural rate of unemployment, the official unemployment rate, and the unemployment rate
This is a graph see below of unemployment rates. The natural rate of unemployment, the official unemployment rate, and the unemployment rate including discouraged marginally attached workers. Focus on the period from to Answer the following questions.
a The graph shows the natural rate of unemployment under the actual rate of unemployment, and the actual rate of unemployment under the rate of unemployment containing discouraged workers, from to This was a period of recession and subsequent emergence from recession in the US economy. Does the position and behavior of each of these series make sense from the definitions and measurement of these indicies? Why?
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