Problem
1. Is the participation rate procyclical or countercyclical?
2. How does the employment/population ratio behave relative to the participation rate?
3. How does the vacancy rate behave relative to the unemployment rate, and how does this matter for the Beveridge curve?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.