Question about high unemployment rate

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Reference no: EM1376235

Despite very low growth of GDP in 2008 and 2009, and still high unemployment rate of 9.5 percent in June 2010. Many experts in economics and business profession have been saying for months that the great recession of 2008-09 was on the verge of its sustainable recovery at a slower pace. Do you agree or disagree with this contention? Answer by listing at least 5 reasons (in your list) to support your response to this question. To be credible, your answers must be based on your knowledge in macroeconomics by referring to relevant macroeconomic variables and key economic indicators.

Reference no: EM1376235


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