微观经济学（八）应用：赋税的代价、国际贸易.pptVIP

* By using decade averages, the short-term noise and fluctuations average out, which makes the long-term trends easier to see. In most periods, rising imports are accompanied by falling, not rising, unemployment. Note: This data does not appear in the textbook. I include it here because I think it is effective. But it is not supported in the Test Bank or Study Guide, so please feel free to omit this and the preceding slide if you wish. Data source: FRED database, St Louis Federal Reserve, /fred2/ and my calculations. (I constructed imports as a percentage of GDP from quarterly, n