What are the two biggest recessions in terms of length and magnitude in the Graph. Remember shahded areas show recession and 2020 is not a part of the graph. How does the unemployment rate react during the two main recessions you have identified?
What are the two biggest recessions in terms of length and magnitude in the Graph. Remember shahded areas show recession and 2020 is not a part of the graph. How does the unemployment rate react during the two main recessions you have identified?
What are the two biggest recessions in terms of length and magnitude in the Graph. Remember shahded areas show recession and 2020 is not a part of the graph. How does the unemployment rate react during the two main recessions you have identified?
What are the two biggest recessions in terms of length and magnitude in the Graph. Remember shahded areas show recession and 2020 is not a part of the graph.
How does the unemployment rate react during the two main recessions you have identified?
Please answer both questions.
Transcribed Image Text: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
Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
