Podcast
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?
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?
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?
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.
True or False: The unemployment rate can be zero during a boom in the economy.
What do recessions typically cause to happen to the unemployment rate?
What do recessions typically cause to happen to the unemployment rate?
During which period did the United States experience the lowest unemployment rate?
During which period did the United States experience the lowest unemployment rate?
What is the highest unemployment rate shown in the graph from the St. Louis Federal Reserve economic database?
What is the highest unemployment rate shown in the graph from the St. Louis Federal Reserve economic database?
Which statement accurately describes the relationship between the unemployment rate and recessions?
Which statement accurately describes the relationship between the unemployment rate and recessions?
What is the average annual unemployment rate in the United States since 1950?
What is the average annual unemployment rate in the United States since 1950?
True or False: The unemployment rate can be zero during a boom in the economy.
True or False: The unemployment rate can be zero during a boom in the economy.
