Statement I: Unemployment was higher in the 1970s than in the 1960s.
Statement II: Unemployment was higher in the 1980s than in the 1970s.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Both statements are true. In general, the 1970s experienced higher unemployment rates than the 1960s due to factors like the oil crisis and stagflation. The 1980s, particularly the early years, saw even higher unemployment rates as a result of economic policies and adjustments, including those aimed at controlling inflation.