Which of the Following Is True About Unemployment

question 46

Multiple Choice

Which of the following is true about unemployment?

• A)the benchmark high-employment level is most likely between 3 and 4 percent
• B)In recent years,the appropriate benchmark high-employment level has risen.
• C)Based on the experience of the 1960s,a 7 percent unemployment rate was too low to be sustained without a buildup of inflationary pressure
• D)During the 1970s,the benchmark high-employment level rose but this was not observed by economists at the time.

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Definitions:

The Dream

According to Daniel Levinson and his colleagues, the drive to become someone, to leave one’s mark on history, which serves as a tentative blueprint for the young adult.

Boomerang Generation

Young adults who return to live with their parents after a period of independence, often due to economic factors.

Financial Reasons

Refers to the monetary factors or considerations that influence decisions, actions, or outcomes.

Reciprocity

The mutual exchange of privileges, goods, or services as well as attitudes, behaviors, and social support among individuals or groups.