What would happen to the economy if the unemployment rate reached 15 or 20 percent?

Question

What would happen to the economy if the unemployment rate reached 15 or 20 percent?

Answer 1

  15 -20 percent unemployment plus you include all the folks who aren't on unemployment ,so they are not included in the statistics =a depression .  the number of people living at or below the poverty level in this country would shoot up ... we would be in trouble , big trouble .

Answer 2

A bad depression.  

Answer 3

It'd be terrible.  I don't want to imagine it.  The economy would be very slow.  Too many would be jobless and business would be slow.  Many would suffer.  It'd be a depression- but yeah anyway it'd be something that should not occur- I doubt it would occur.