Wanted: Lousy job, low pay

Read this CNN article on how businesses and job seekers are impacted by the current economic crisis

Level 1: Knowledge
Define the following terms
1a) Unemployment
1b) Recession

Level 2: Application
2a) Construct a demand and supply diagram to explain the article statement "Between the increase in overall job seekers and the reduction in the number of jobs available, competition for even the least desirable jobs has become much steeper".
2b) Explain the main problem currently faced by HR departments (Hint "We could write the ad in Russian and it wouldn't matter")

Level 4: Evaluation
4) Imagine that your friend is looking for a job. Advise him/her on the strategy they should take.

Note Level 1 – Level 4 are questions based on IB standards where

Level 1: Knowledge
Level 2: Application
Level 3: Analysis
Level 4: Evaluation

Words in bold (define, explain…) have a specific meaning in the IB Diploma Program (DP). The meanings are in Glossary of Command Terms Section of the IBO DP Business and Management Guide available at the OCC and from my website