Unemployment rates tend to:
A)be the same across geographic areas.
B)vary between age groups and ethnicities.
C)increase when the economy expands.
D)stay the same only when there is cyclical unemployment.

Question

Quizplus · Accepted Answer

Unemployment rates do vary between age groups and ethnicities due to various factors such as education levels, discrimination, and job availability in different industries. While unemployment rates may increase during economic expansions, they can also decrease during periods of growth. Unemployment is not solely caused by cyclical factors but can also be affected by structural and frictional factors.

Unemployment Rates Tend To