Which of the following describe the United States' unemployment rate over the last 80 years?
i.The unemployment rate has decreased each year since the Great Depression.
ii.The unemployment rate has averaged about 5.7 percent since 1929.
iii.Job creation due to defense spending and consumer spending in the 1960s drove the unemployment rate to one of its lowest level.

Question

Quizplus · Accepted Answer

The unemployment rate has not decreased each year since the Great Depression. It has fluctuated due to various economic conditions. The average unemployment rate since 1929 is approximately 5.7 percent, and job creation in the 1960s did indeed drive the unemployment rate to low levels.

Which of the Following Describe the United States' Unemployment Rate