The graph in figure 1.34 shows the unemployment percentage U= U(d) in the United States in year d.A-explain the meaning of U(1990) and give its value B-The great depression was a ten-year period in which an appointment was At. Historical highs judging from the graph when was the Great Depression?C-The high unemployment rate in 2010 is attributed to a severe recession. What was the most recent date before 2010 when unemployment was as high as in 2010? **Unemployment Analysis**The graph in Figure 1.34 illustrates the unemployment percentage \( U = U(d) \) in the United States over the years.**Description of the Graph:**- **X-axis (Horizontal):** Represents the years from 1890 to 2010.- **Y-axis (Vertical):** Represents the unemployment rate percentage, ranging from 0% to 25%.The graph shows fluctuations in unemployment rates over time, with notable peaks and trends:- A significant peak occurs during the 1930s, corresponding to the Great Depression.- Other fluctuations are spread throughout the 20th and early 21st centuries, with noticeable rises in the 1980s and late 2000s.**Questions:**a. Explain the meaning of \( U(1990) \) and give its value.b. The Great Depression was a 10-year period in which unemployment was at historical highs. Judging from the graph, when was the Great Depression?c. The high unemployment rate in 2010 is attributed to a severe recession. What was the most recent date before 2010 when unemployment was as high as in 2010?

The unemployment rate is the ratio of the total number of people who are willing and able to work…

Answered: The graph in figure 1.34 shows the…

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter6: Business Cycles And Unemployment

Section: Chapter Questions

Problem 19SQ

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The graph in figure 1.34 shows the unemployment percentage U= U(d) in the United States in year d.

A-explain the meaning of U(1990) and give its value

B-The great depression was a ten-year period in which an appointment was At. Historical highs judging from the graph when was the Great Depression?

C-The high unemployment rate in 2010 is attributed to a severe recession. What was the most recent date before 2010 when unemployment was as high as in 2010?

**Unemployment Analysis**

The graph in Figure 1.34 illustrates the unemployment percentage \( U = U(d) \) in the United States over the years.

**Description of the Graph:**

- **X-axis (Horizontal):** Represents the years from 1890 to 2010.
- **Y-axis (Vertical):** Represents the unemployment rate percentage, ranging from 0% to 25%.

The graph shows fluctuations in unemployment rates over time, with notable peaks and trends:

- A significant peak occurs during the 1930s, corresponding to the Great Depression.
- Other fluctuations are spread throughout the 20th and early 21st centuries, with noticeable rises in the 1980s and late 2000s.

**Questions:**

a. Explain the meaning of \( U(1990) \) and give its value.

b. The Great Depression was a 10-year period in which unemployment was at historical highs. Judging from the graph, when was the Great Depression?

c. The high unemployment rate in 2010 is attributed to a severe recession. What was the most recent date before 2010 when unemployment was as high as in 2010?

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