Answered: The graph in figure 1.34 shows the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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?

9. Unemployment The graph in Figure 1.34 shows
the unemployment percentage U = U(d) in the
United States in year d.
25%
20%
15%
10%
5%
0%
FIGURE 1.34 Unemployment as a function of the date
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 attrib-
uted to a severe recession. What was the most
recent date before 2010 when unemployment was
as high as in 2010?
1 35
096 1
1970
1980
0661
2010

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