LO6-4 11. On a graph, illustrate both the unemployment rate and the real GDP growth rate for 2006-2016. (The data required for this exercise can be found in the Data Tables at the end of the book.)

(a) In how many years was “full employment” achieved?

(Use the current benchmark.)

(b) Unemployment and growth rates tend to move in opposite directions. Which appears to change direction first?

(c) In how many years does the unemployment rate increase even when output is increasing?