Which of the Following Statements About Historical Unemployment Rate Is

question 3

Multiple Choice

Which of the following statements about historical unemployment rate is true?

• A) Since 1960 the average unemployment rate in the United States has been about 2 percent.
• B) Since 1960 the average unemployment rate in the United States has been about 10 percent.
• C) Since 1960 the average unemployment rate in the United States has been about 6 percent.
• D) The unemployment rate in the United States has never fallen below 6 percent.
• E) The unemployment rate in the United States is always above 5 percent.

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Definitions:

Payments

Transactions made by individuals or entities to fulfill obligations or purchase goods and services.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, thus earning interest in subsequent months.

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets with tax benefits for retirement.

Deposits

Funds placed into an account at a financial institution for safekeeping or to earn interest.