Asked by Jocelyn Espericueta on Jun 11, 2024
Verified
Over the last four decades,our unemployment rate has generally been between
A) 2-6 percent.
B) 4-8 percent.
C) 6-10 percent.
D) 10-14 percent.
E) 14-18 percent.
Unemployment Rate
The portion of the labor market that is out of work and actively pursuing job opportunities.
Decades
Periods of ten years, used as a measure of time to describe longer trends in history, economics, or demography.
- Distinguish the economic trends and conditions of specific decades in history.
- Recognize causes and features of economic recessions and recoveries.
Verified Answer
JS
Jennifer SmithJun 13, 2024
Final Answer :
B
Explanation :
Over the last four decades, the unemployment rate in the United States has generally fluctuated between 4-8 percent. This range captures the typical cyclical nature of the economy, with periods of higher unemployment following economic downturns and lower rates during times of economic expansion.
Learning Objectives
- Distinguish the economic trends and conditions of specific decades in history.
- Recognize causes and features of economic recessions and recoveries.