The financial crisis of 2007–2009 sent the United States into its worst recession since the end of World War II, with the unemployment rate rising to above 10%.

Go to http://research.stlouisfed.org/fred2/ and click on the Series ID link “UNRATE” (Civilian Unemployment Rate). What has happened to the unemployment rate since the time of the last reported value in Figure 16?

Figure 16

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Inflation Rate, (percent) Step 1. Asset purchases lower shifting AD to the right... LRAS AD AD 2 Step 2. and the rise in expected inflation shifts AS up,... AS AS, Step 3. increasing 2 2 output and inflation. YP=Y Aggregate output, Y ($ trillions)