During the Great Depression of the 1930s,the unemployment rate in the United States peaked at around
A) 5 percent
B) 10 percent
C) 12 percent
D) 25 percent
E) 50 percent
Correct Answer:
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Q24: The Employment Act of 1946 directed the
Q25: Because it lowers the amount of output
Q26: If a factory hires 1,000 new workers,the
Q27: The U.S.economy experienced fluctuations in employment and
Q28: Periodic fluctuations in real GDP are called
A)
Q30: During a recession,both output and unemployment fall.
Q31: One macroeconomic goal is to achieve an
Q32: The unemployment rate is usually zero except
Q33: The phase of the business cycle characterized
Q34: If the unemployment rate is 6 percent,that
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