Which of the Following Is FALSE About Unemployment in the U.S

question 38

Multiple Choice

Which of the following is FALSE about unemployment in the U.S.?

• A)the unemployment rate in 2010 was higher than the unemployment rate in 1983
• B)with a few exceptions, the peak in the average length unemployment following a recession has risen steadily since the 1950s
• C)even four years after the official end of the Great Recession, long-term unemployment remained at levels previously unseen
• D)even during the Great Recession, the unemployment rate did not exceed 10 percent
• E)in 2011, roughly one out of six workers was either unemployed or underemployed.

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Definitions:

MP

Represents marginal productivity, which is the additional output derived from the use of one more unit of a variable input, holding all other inputs constant.

Barbershop

A place of business where people, typically men, go to get haircuts and other grooming services such as shaves.

Haircuts

The process of trimming or styling hair to maintain or change one’s appearance, often performed by professionals in salons.

Marginal Revenue Product Schedule

A table or graph that shows the additional revenue generated by employing one more unit of a resource, holding all other factors constant.