The entire world, including the United States, has experienced an economic downturn since the 2008 recession, and unemployment due to recessions affects all of society. There is always unemployment, it is natural, and therefore nicknamed the natural rate of unemployment, and normally represents 3%-5% of the workforce, due to attritionally unemployed workers with readily available skills and who are between jobs or just exited the market. education system. However, during recessions, economies face more severe unemployment rates. To fully understand unemployment and the recessions that cause it, you need to know how to define the GDP that defines recessions. GDP, short for Gross Domestic Product, is a method of measuring economic growth and prosperity. GDP is measured each year with a specific formula with multiple components: GDP=C+I+G+ X_n” represents net exports, i.e. exported goods subtracted from imported goods in that year. Growth is measured by comparing the current year's GDP to the previous year and determining whether or not there has been a positive or negative percentage growth. If the quantity produced exceeds the previous year, the economy is growing and experiencing an expansion of the economy within the business cycle. If it does not exceed the previous year's growth, the economy is experiencing a recession and economic contractions within the business cycle. Once a recession is defined, it is important to understand that unemployment results from expansions and contractions of the business cycle, which is the natural cyclical way the economy works. Contractions are where recessions… are at the center of the paper… when you conclude that “In 1966 we had a stable dollar under the Bretton Woods gold standard. In 2009 and in previous years, we had an extremely unstable dollar under Federal Reserve Chairs Alan Greenspan and Ben Bernanke.” Evaluating the article, I agree with the cross comparison between the American economy in 1966 and 2012, the statistics and evidence presented demonstrate that investment spending has indeed decreased and that American companies, along with tax policy and US monetary policy, are the only things keeping the recession alive. . The GDP output shows that there has been growth in recent years, but the GDP of the fourth quarter of 2012 shows that investment as well as growth has decreased. America needs the confidence to spend again, as it did before, and the unemployment rate would see an improvement as companies have the courage to hire people again to end this stagnation..