The unemployment rates began to increase sharply in 2008, as the financial crisis deepened and businesses began laying off workers. This had widespread impacts on the US economy and contributed to the severity of the crisis. Explain this with a graph please. (Macroeconomics)

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter10: Income And Expenditures Equilibrium
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The unemployment rates began to increase sharply in 2008, as the financial crisis deepened and businesses began laying off workers. This had widespread impacts on the US economy and contributed to the severity of the crisis. Explain this with a graph please. (Macroeconomics)

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