Over the period between 1960 and 2007, the highest unemployment rates occurred in the
A) early 1960s.
B) late 1960s.
C) mid 1970s.
D) early 1980s.
E) early 1990s.

Question

Quizplus · Accepted Answer

The highest unemployment rates occurred in the early 1980s, with a peak of 10.8% in November and December of 1982. This was due to a combination of factors such as the oil crisis, high inflation, and monetary tightening by the Federal Reserve.

Over the Period Between 1960 and 2007, the Highest Unemployment