The natural rate of unemployment in the United States generally ________ from 1960 to 1980 and ________ from 1980 to 2000.

Question

Quizplus · Accepted Answer

The natural rate of unemployment increased from 5% in 1960 to around 6% in 1980, indicating that the economy was experiencing more unemployment. However, from 1980 to 2000, the natural rate of unemployment decreased from around 6% to 5%, showing that the economy was experiencing less unemployment.

The Natural Rate of Unemployment in the United States Generally