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Using the internet, report the latest unemployment rate for your state. If data is available, report...

Using the internet, report the latest unemployment rate for your state. If data is available, report the unemployment rate for your city or county. Describe the effects of unemployment on your state and local economy. Recall the concept of the multiplier effect and use this in your description of the additional impacts beyond just those who are unemployed. Evaluate the trade off between inflation and unemployment (the Phillips Curve).

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As per latest research Indiana has 3.6% unemployment rate as of Apr 2017 . Its lower than the average of whole country(USA) which is 4.4% as of Apr 2017.

Unemployment rate of Strake as of Apr 2017 is 3.3% . Unemployment rate affect the local as well as state economy by directly affecting consumption. As unemployment increases , production decreases and consumption decreases. As consumption decreases decreases, slope of expenditure curve also decreases, i.e. rate of consumption decreases of additional income. so multiplier effect also decreases.

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