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 its lowest level.

Question

Quizplus · Accepted Answer

The unemployment rate has not decreased each year since the Great Depression, so statement i is incorrect. Statement ii is correct as the average unemployment rate since 1929 has been around 5.7%. Statement iii is also correct as the 1960s saw low unemployment due to job creation from defense and consumer spending.

Which of the Following Describe the United States' Unemployment Rate