Chapter 8 Response

Chapter 8 Response

by Jackson Wiegand -
Number of replies: 2

     Based on the graph, it appears that when there is an increase in unemployment for a long time, it takes a long time to bring the rate back down. The opposite is also true. When there is an increase in unemployment for a short period of time, it takes less time for the rate to return to normal. For about two years, starting in 2007, the unemployment rate increased. It then took nearly a decade for the rate to return to normal. During 2020 there was a massive spike in unemployment for a few months. However, it only took a couple years for the rate to dip back down. In conclusion, the longer the period of recession is, the longer it takes to recover from it.

In reply to Jackson Wiegand

Re: Chapter 8 Response

by Mason Goeglein -
I also talked about in my claim how the unemployment rate goes up, then goes down, but I did not notice how the longer the recession is the longer it takes to recover. That is a great claim.
In reply to Jackson Wiegand

Re: Chapter 8 Response

by Hudson Stiver -
I like how you emphasize the time the unemployment rates takes to return to where they spiked from. Often people try to rush things and try to get things done as soon as they can instead of doing the actual good work and letting it take time. Time is a huge part of growth and change and I couldn't agree more with what you wrote, regarding time.
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