Refer to the following figure when answering
Figure 7.2: United Kingdom Unemployment Rate: 1971-2012
(Source: OECD and Federal Reserve Economic Data, Federal Reserve Bank of St. Louis)
-Given the unemployment rate data depicted in Figure 7.2, identify the year of the peak of the boom:

Question

Refer to the following figure when answering  
Figure 7.2: United Kingdom Unemployment Rate: 1971-2012  
(Source: OECD and Federal Reserve Economic Data, Federal Reserve Bank of St. Louis)
-Given the unemployment rate data depicted in Figure 7.2, identify the year of the peak of the boom:

Quizplus · Accepted Answer

The peak of a boom typically corresponds to a period of low unemployment. In this context, 1989 is likely the year of the peak of the boom, as it is often associated with economic prosperity before the early 1990s recession.

Refer to the Following Figure When Answering