The unemployment rate in october 2008 reached a 14 year


The unemployment rate in October 2008 reached a 14 year high at 6.5%. As of the end of 2008, the recession did not appear to be ending any time soon. Although unemployment tends to increase during a recession, as is evident by the October figures, how might the unemployment rate actually decline during a prolonged recession.

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Macroeconomics: The unemployment rate in october 2008 reached a 14 year
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