Chapter 5 - Assignment 1: Recent Macroeconomic Performance

<BODY BGCOLOR=#FFFFFF TEXT=#000000 ALINK=#0000FF VLINK=#FF6666 background="../../../images/bckgrnd.GIF"> <CENTER> <H1>Chapter 5 - Assignment 1: Recent Macroeconomic Performance</H1> </CENTER> <HR> Examine the <a href="http://bos.business.uab.edu/daily.gif/unrate.htm" target="top">unemployment rate</a> and <a href="http://bos.business.uab.edu/daily.gif/gdpc92.htm" target="top">real GDP</a> charts provided by Ted Bos' Economic Chart Dispenser page. <P> <OL type="a"> <LI>Based on these charts, how would you characterize the stage of the business cycle that the U.S. economy has been experiencing over the previous 6 months? <LI>On p. 118 of your text, Taylor notes that the 1990-1991 recession ended in March 1991, but the perception of "bad economic times" lingered into 1992. What evidence do these graphs provide concerning the lingering perception of a recession? Hint: contrast the performance of the unemployment rate and the level of real GDP during 1991 and early 1992. </OL> <HR> [ <a href="c5.htm" target="_top">Chapter 5</a> | <a href="mailto:csweb.College_Econ@cengage.com">Feedback</a> ] <CENTER> <H6>Copyright Houghton Mifflin Company. All Rights Reserved.<BR> <A href="http://www.hmco.com/hmco/Copyright.html">Terms and Conditions of Use</a> and <a href="http://www.hmco.com/hmco/Trademark.html">Trademark Information</a><BR> </H6> </CENTER> </BODY>