Empirical evidence suggests that:
A)technological change leads to higher unemployment rates.
B)the unemployment rate in the U.S.in the late 1990s was lower than that in the 1970s.
C)the unemployment rate in the U.S.in the late 1990s was higher than that in the 1970s.
D)changes in the growth rate of population lead to higher unemployment rates.
E)increase in government regulation leads to higher unemployment rates.

Question

Quizplus · Accepted Answer

Empirical evidence shows that the unemployment rate in the U.S. was lower in the late 1990s than it was in the 1970s, indicating that technological change and population growth may not necessarily lead to higher unemployment rates. There is limited empirical evidence to support the idea that an increase in government regulation leads to higher unemployment rates.

Empirical Evidence Suggests That