The attached chart (Quits: Total Nonfarm) shows the quit rate (the number of who quit their job during the entire month as a percentage of total employment. What happens to the quit rate during the recession of 2007-08? Why?   What happened to the unemployment rate during the recession of 2007-08?  Use your answers to explain why the unemployment rate will never fall to zero and a certain amount of unemployment is desirable.

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