Effects of unemployment

Discuss how you are affected by unemployment, one of the country’s biggest macroeconomic policy concerns. Address both of the following in your discussion:
(1)Explain an experience that someone you know, including yourself, had with unemployment. (2)Think about the reason for the unemployment, and how long it lasted.
The following is a list of possible causes for unemployment. Choose the one that most closely fits your experience.
Be sure to explain.
A change in technology
Your company relocated and laid off workers
(3)Did you or your acquaintance take a part-time job or a job for which they were overqualified to ensure they would have an income?
(4) Over the last 7 years, the national unemployment rate has dropped steadily. How has that affected you? Please explain.

Sample Solution