Answer each question individually using graphs and tables from the section above.
How much has the CPI increased in absolute and relative terms over the last 50 years?
During what period was the inflation rate high and increasing; falling to a low rate?
Is there any trend you can see in the unemployment rate data and graph; is there a period of time it was generally rising; falling?
Which recessions show the highest unemployment rates; which periods of time show the lowest?
What trends do you see in the employment-population ratio; does this data series and graph tell the same story as the unemployment rate?
What is your overall impression of the Real GDP/per capita graph; what are the implications of this on the standard of living in the USA?
Based on the Real GDP per capita graph with reference to the CPI/inflation rate and the unemployment rate/employment-population ratio graphs, explain which recessions you think were the worst over the last 50 years?
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