According to historical economic data for Canada from 1946 to 2016,the unemployment rate is MOST likely to rise:
A) whenever the economy grows at a rate below 3.62%.
B) only when there is no economic growth.
C) only when there is positive economic growth.
D) whenever the economy grows at a rate between 4% and 4.8%.

Question

Quizplus · Accepted Answer

Historical economic data for Canada suggests that when the economy grows at a rate below 3.62%, the unemployment rate is most likely to rise. This could be because slower economic growth may lead to lower demand for labor, resulting in higher unemployment rates. On the other hand, options B and C are not entirely correct as the unemployment rate can rise even when there is positive economic growth (depending on various factors such as labor force participation rate, technological advancements, etc.). Option D is also not accurate as there is not enough evidence to suggest that a growth rate between 4% and 4.8% is correlated with rising unemployment rates.

According to Historical Economic Data for Canada from 1946 to 2016,the