ECO 372 Aggregate Demand and Supply Models
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Description
Aggregate Demand and Supply Models
Aggregate Demand and Supply Models
ECO 372
The current state of the current US economy is in a spiral deficit that can be attributed to several factors. Of these many aspects there are a handful that stands out such as gas prices, interest rates and most importantly unemployment. The unemployment rate in the United States has decreased to 7.8 percent in September of 2012. Historically, from 1948 until 2012, the United States Unemployment Rate averaged Percent reaching an all-time high of Percent in November of 1982 and a record low of Percent in May of 1953 (Trade Eco, 2012).
Unemployment
As of 2012 the rate of unemployment has dropped dramatically throughout 41 states with some states not even seeing a change of improvement such as...