Statement I: During periods of prosperity,cyclical unemployment will generally be greater than the sum of frictional and structural unemployment.
Statement II: From 1983 to the present,the U.S.has suffered through three recessions.

Question

Quizplus · Accepted Answer

Statement I is false because during periods of prosperity, cyclical unemployment is typically low, as the economy is growing and jobs are more plentiful. Statement II is true as, from 1983 to the present, the U.S. has indeed experienced three recessions: the early 1990s recession, the early 2000s recession, and the Great Recession of 2007-2009.

Statement I: During Periods of Prosperity,cyclical Unemployment Will Generally Be