Econ project recession during christmas

Econ project recession during christmas

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  • Man this recession sucks it's getting hard to make toys for the holidays especially with the rising cost of materials to build them we may lose our jobs if we don't catch up. 
  • Yea Talk about frictional unemployment I have a family to feed I can't afford to be unemployed.
  • Your RIght I didn't think about that and with more machines taking jobs for humans I'm more worried than ever.
  • Hey Don't Worry I think we're safe from Structural Unemployment.
  • Huh, how do you know it is?
  • The Natural Rate of Unemployment is about 4% that means only 4 percent of the population  is currently unemployed and looking for a job.
  • wow, that's great! and with inflation down our hard earned money will be worth it.
  • that's right! , and soon we will be out of this recession and into a expansion where the GDP and overall economic growth will increase.
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