CASE STUDY

CASE STUDY THE RECESSION OF 2001 unemployment rate rose from 3.9 percent in December 2000 to 4.9 percent in August 2001 and to 6.3 percent in June 2003. The unemployment rate then began to decline. By January 2005, unemployment ha:d fallen back to 5.2 percent.What...

CASE STUDY

CASE STUDY TWO BIG SHIFT IN AGGREGATE DEMAND: THE GREAT DEPRESSION AND WORLD WAR II At the beginning of this chapter, we established three key facts about economic fluctuations by looking at data since 1965. Let’s now take a longer look at u.s. economic history....