
Economics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188124
Economics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188124 Exercise 9
UNDERSTANDING GRAPHS Look at Exhibit 6 and answer the following questions:
a. In what year (approximately) was the unemployment rate the highest? In what year was it the lowest?
b. In what decade, on average, was the unemployment rate highest? In what decade was it lowest?
c. Between 1950 and 1980, did the unemployment rate generally increase, decrease, or remain about the same?

a. In what year (approximately) was the unemployment rate the highest? In what year was it the lowest?
b. In what decade, on average, was the unemployment rate highest? In what decade was it lowest?
c. Between 1950 and 1980, did the unemployment rate generally increase, decrease, or remain about the same?

Explanation
a. Highest unemployment:
It can be obse...
Economics 10th Edition by William McEachern
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