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?
6%
During which period did the United States experience the highest unemployment rate?
1980s
What event caused the unemployment rate to reach almost 10% in October of 2009?
Great Recession
True or False: The unemployment rate can be zero during a boom in the economy.
Signup and view all the answers
What do recessions typically cause to happen to the unemployment rate?
Signup and view all the answers
During which period did the United States experience the lowest unemployment rate?
Signup and view all the answers
What is the highest unemployment rate shown in the graph from the St. Louis Federal Reserve economic database?
Signup and view all the answers
Which statement accurately describes the relationship between the unemployment rate and recessions?
Signup and view all the answers
What is the average annual unemployment rate in the United States since 1950?
Signup and view all the answers
True or False: The unemployment rate can be zero during a boom in the economy.
Signup and view all the answers
