Which of the Following Statements Is True

question 212

Multiple Choice

Which of the following statements is true?

• A) The minimum unemployment rate in the U.S. economy has always been 0 percent.
• B) The unemployment rate in the United States was the highest ever during the recession of 2007-2009.
• C) In the past 30 years, the unemployment rate in the United States has never gone below 3 percent.
• D) The unemployment rate in the U.S. economy has been increasing since 1900.

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Definitions:

Accumulated Depreciation

Accumulated Depreciation represents the total amount of depreciation expense that has been recorded over time for long-term assets, reducing their book value.

Bonds Payable

Bonds payable are long-term debt instruments issued by corporations or governments to raise capital, where the issuer agrees to pay back the principal along with interest at a specified date.

Cash Dividends

Profits distributed by a corporation to its shareholders in the form of cash.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.