Unemployment Rate in the United States
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Questions and Answers

According to the graph from the St. Louis Federal Reserve economic database, what is the average unemployment rate in the United States since 1950?

  • 10.8%
  • 10%
  • 6% (correct)
  • 3%

    • During which period did the United States experience the highest unemployment rate?

  • 1950s
  • 1980s (correct)
  • 2000s
  • 1990s

    • What event caused the unemployment rate to reach almost 10% in October of 2009?

  • Oil crisis
  • Stock market crash
  • Great Recession (correct)
  • Dot-com bubble

    • True or False: The unemployment rate can be zero during a boom in the economy.

    <p>False</p> Signup and view all the answers

    What do recessions typically cause to happen to the unemployment rate?

    <p>Increase</p> Signup and view all the answers

    During which period did the United States experience the lowest unemployment rate?

    <p>None of the above</p> Signup and view all the answers

    What is the highest unemployment rate shown in the graph from the St. Louis Federal Reserve economic database?

    <p>10.8%</p> Signup and view all the answers

    Which statement accurately describes the relationship between the unemployment rate and recessions?

    <p>The unemployment rate increases during recessions.</p> Signup and view all the answers

    What is the average annual unemployment rate in the United States since 1950?

    <p>6%</p> Signup and view all the answers

    True or False: The unemployment rate can be zero during a boom in the economy.

    <p>False</p> Signup and view all the answers

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