During the past 50-plus years the natural rate of unemployment in the United States during the 1970s and 1980s, compared to the 1950s and 1960s, and then during the 1990s, compared to the previous two decades.

Question

Quizplus · Accepted Answer

The natural rate of unemployment increased during the 1970s and 1980s compared to the previous two decades due to factors such as the oil crisis, inflation, and increased global competition. However, during the 1990s, the natural rate of unemployment decreased compared to the previous two decades due to factors such as technological advancements and economic growth.

During the Past 50-Plus Years the Natural Rate of Unemployment