Answer to Question #112925 in Economics for Yarit G Gomez

Question

Use this link: https://research.stlouisfed.org/dashboard/13831
Record the most recent six months of the unemployment rate (Box 1):
Month Unemployment Rate (%)
1.
2.
3.
4.
5.
6.

• Describe the recent trend. (Use information from Boxes 1 and 2.)

The most recent release of the natural rate of unemployment (Box 4):
• __ percent.

• Compare the current unemployment rate to the natural rate of unemployment. Is the current unemployment rate higher or lower than the natural rate of unemployment? Also, make sure you consider the trend (not only the most recent release) in your assessment.

• Is the unemployment rate higher than the natural rate? Is the gap between the unemployment rate and the natural rate of unemployment increasing or decreasing? (Use Box 6.) Explain.

4. What is your diagnosis? The unemployment rate is just one economic indicator but it is an important one. From this data, do you think the economy is currently healthy? Use data as evidence.

Answer 1

Dear Yarit G Gomez, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order