An unemployment rate of 8 percent would be indicative of
A) an expansion.
B) a recession.
C) a recovery.
D) a depression.
E) none of the above.

Question

Quizplus · Accepted Answer

An unemployment rate of 8 percent is indicative of a recession, as it suggests a significant portion of the labor force is out of work and struggling to find employment. In general, an unemployment rate above 5 to 6 percent is considered a warning sign of an economic slowdown or recession.

An Unemployment Rate of 8 Percent Would Be Indicative of