Refer to the following figure to answer the following questions.
Figure 7.1: U.S. Unemployment Rate: 1975-2015 (Source: U.S. Bureau of Labor Statistics)
-Using Figure 7.1, Which of the following year(s) are the approximate trough of a recession?

Question

Refer to the following figure to answer the following questions.
Figure 7.1: U.S. Unemployment Rate: 1975-2015  (Source: U.S. Bureau of Labor Statistics)
-Using Figure 7.1, Which of the following year(s) are the approximate trough of a recession?

Quizplus · Accepted Answer

The only year that clearly shows an approximate trough of a recession is 1983, as the unemployment rate had a sharp decline from previous years and began to consistently decrease following that year. While the other years may have experienced recessions, it is not clear from the graph where the approximate trough occurred.

Refer to the Following Figure to Answer the Following Questions