As the economy went into recession in 2008, the unemployment rate

Question

Quizplus · Accepted Answer

The unemployment rate increased from 4.7% in the beginning of 2008 to a peak of 10% in October 2009, which represents an increase of about 5.3 percentage points. However, the question specifically asks about the recession in 2008, which started in December of that year. From December 2007 to December 2008, the unemployment rate increased from 4.9% to 7.3%, which represents an increase of about 2.4 percentage points. Therefore, the best choice is A, which is the closest to this increase.

As the Economy Went into Recession in 2008, the Unemployment