What are the two biggest recessions in terms of length and magnitude from the graph, the shaded areas show recession and 2020 is not included?How does the unemployment rate react during the two main recessions you have identified?What was the level of the unemployment rate during the first and the last quarter of negative growth for those two recessions? why data for France for 1980s is not avaliableWhat do you conclude about the link between recession and the variation in unemployment? FREDHarmonized Unemployment Rate: Total: All Persons for FranceReal Gross Domestic Product for France302010-10-20198019851990199520002005201020152020Sources: OECD, Eurostatfred.stlouisfed.orgPercent Change from Year Ago

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Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 17RQ: Are U.S. unemployment rates typically higher, lower, or about the same as unemployment rates in...

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What are the two biggest recessions in terms of length and magnitude from the graph, the shaded areas show recession and 2020 is not included?
How does the unemployment rate react during the two main recessions you have identified?
What was the level of the unemployment rate during the first and the last quarter of negative growth for those two recessions? why data for France for 1980s is not avaliable
What do you conclude about the link between recession and the variation in unemployment?

FRED
Harmonized Unemployment Rate: Total: All Persons for France
Real Gross Domestic Product for France
30
20
10
-10
-20
1980
1985
1990
1995
2000
2005
2010
2015
2020
Sources: OECD, Eurostat
fred.stlouisfed.org
Percent Change from Year Ago

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