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

Option i is not true as there have been periods of increasing unemployment, such as during the recessions of the early 1980s and 2008-2009. Option ii is true as the Bureau of Labor Statistics reports that the average unemployment rate since 1929 has been around 5.7 percent. Option iii is partially true, but it doesn't tell the whole story. While defense spending and consumer spending did contribute to job creation in the 1960s, it doesn't explain the entire trajectory of the unemployment rate over the last 80 years. Therefore, only options ii and iii are true. The best choice is B, ii and iii only.

Which of the Following Describe the United States' Unemployment Rate