Unemployment Rate in the United States
10 Questions
0 Views

Unemployment Rate in the United States

Created by
@MeaningfulMajesty

Podcast Beta

Play an AI-generated podcast conversation about this lesson

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

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser