“Unemployment and Inflation” Please respond to the following:
- Using the e-Activity, www.bls.gov, compare the unemployment rate in your state (MARYLAND) to the national average of the past four years. Compare the trends in relation to the types of unemployed workers in your state. Provide support for your response.
- Imagine that you have a fixed 30-year interest rate for your mortgage, and the economy has experienced unanticipated inflation. Examine who the winner and loser would be. Is it the borrower or the lender in the given scenario? Provide support for your response.