During the First Year of the Bush Administration in 2001

question 100

Multiple Choice

During the first year of the Bush administration in 2001, the American economy

• A)increased its already rapid growth rate.
• B)experienced high levels of inflation.
• C)slowed in its rate of economic growth.
• D)experienced a decrease in the rate of unemployment.

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Definitions:

Percentage Point

A unit of measurement used in expressing the difference between two percentages or proportion values.

Seasonally Adjusted

A statistical technique used to remove seasonal variations from data to reveal underlying trends.

Unemployment Rate

The proportion of the workforce that is unemployed and actively looking for work.

Slope

The measure of the steepness or incline of a line, indicating the rate at which y changes with respect to x in a coordinate system.