Asked by joseph onuorah on Jun 03, 2024
Verified
If we compare the U.S.experience since 1970 with that of the 1960s,we find that,on average
A) the rate of unemployment and the rate of inflation have both been lower since 1970 than during the 1960s.
B) the rate of unemployment has been lower since 1970 than during the 1960s,but the rate of inflation has been higher.
C) the rate of inflation has been lower since 1970 than during the 1960s,but the rate of unemployment has been higher.
D) the rate of unemployment and the rate of inflation have both been higher since 1970 than during the 1960s.
Rate Of Inflation
The percentage increase in the general level of prices for goods and services in an economy over a period of time.
Rate Of Unemployment
The proportion of individuals in the labor force who are not currently employed but are actively seeking employment.
- Recognize the impact of economic policies and conditions on unemployment rates and inflation since the 1970s.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
D
Explanation :
Since 1970, both the rate of unemployment and the rate of inflation have generally been higher than during the 1960s, reflecting economic challenges such as the oil crises and changes in monetary policy.
Learning Objectives
- Recognize the impact of economic policies and conditions on unemployment rates and inflation since the 1970s.
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