Which of the following statements about historical unemployment rate is true?
A) Since 1960 the average unemployment rate in the United States has been about 2 percent.
B) Since 1960 the average unemployment rate in the United States has been about 10 percent.
C) Since 1960 the average unemployment rate in the United States has been about 6 percent.
D) The unemployment rate in the United States has never fallen below 6 percent.
E) The unemployment rate in the United States is always above 5 percent.

Question

Quizplus · Accepted Answer

Since 1960 the average unemployment rate in the United States has been about 6 percent. The actual rate has fluctuated over time, with periods of high unemployment (such as during recessions) and low unemployment (such as during economic booms), but the average over the past six decades is around 6 percent.

Which of the Following Statements About Historical Unemployment Rate Is