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QUESTION 1: labor force 100 000 100 000 #2_100 000 100 000 #8_ 100 000 100 000 100 000 employed 90 000 #1 95 000

QUESTION 1:

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labor force 100 000 100 000 #2_100 000 100 000 #8_ 100 000 100 000 100 000 employed 90 000 #1 95 000 #4_ 75 000 88 000 96 000 95 000 #17 unemployed 10 000 20 000 5 000 #5 #6 12 000 #12 5 000 13 000 unemployment .10 .20 .05 .15 #7 #9 .04 #15_ #18 natural unemp .07 10 .04 08 .20 #10_ #13 08 07 cyclical unemp .03 10 01 07 05 #11 #14_ #16_ #19 GDP gap -.06 -.20 #3 -.14 -.10 -.12 -.02 +.06 #20_

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