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Gendry, the ruler of Westeros, has asked for your help with the economy of his country. Gendry's economic minister provides you with the following information:
Gendry, the ruler of Westeros, has asked for your help with the economy of his country. Gendry's economic minister provides you with the following information: Work-eligible population: 15 million Labor force: 11 million Employed people: 10 million Frictionally unemployed people: 0.5 million Structurally unemployed people: 0.4 million Gendry would like to know whether his kingdom is enjoying an expansion or suffering a recession. See if you can advise him. Give all numeric answers to two decimals. King Gendry, right now Westeros's unemployment rate is 9.09 %, but Westeros's natural rate of unemployment is 10 %. Therefore, the Westeros economy is currently in a(an) recession (enter expansion or recession)
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