Q1. Where does the national unemployment rate stand relative to the Natural Rate of Unemployment? You can visit the U.S. Bureau of Labor Statistics website to find details. As businesses downsize in a recession, they lay off a lot of people. Which of the 4 types of unemployment will then occur? Can you describe how unemployment and inflation are interrelated? Who is most negatively impacted when unanticipated inflation occurs? Why?
Q2. 1. What are the sigs (symptoms) of conflict in this case? 2. Use the conflict model to (a) identify the structural causes of conflict and (b) discuss the escalation of conflict described in this case? 3. If you were Dan Jensen, what action would you take in this situation?