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8. Assume that the official national unemployment rate rises from 4% to 8% because of a major recession. Explain what impact you predict this would
8. Assume that the official national unemployment rate rises from 4% to 8% because of a major recession. Explain what impact you predict this would have on the following: (10 points - 2.5 points each) a. African-American to white unemployment rate ratio b. Labor force participation rate c. Teenage to adult unemployment rate ratio d. Low-skilled to high-skilled unemployment rate ratio 9. Give support for or arguments against the following statement: "Unemployment in the United States can be resolved quickly and efficiently. The government should simply provide jobs for everyone who wants to work who cannot find suitable employment in the private sector." (10 points)
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