In December of 2007, with an Unemployment Rate of 5

question 139

True/False

In December of 2007, with an unemployment rate of 5.0 percent, most economists believed this was above the natural rate.

---

Definitions:

Light-Duty Vans

Vehicles designed for commercial but not heavy-duty use, often used for deliveries or as work vans.

Dealer

An individual or entity engaged in the buying and selling of goods, securities, or services, often acting as a middleman.

Consumer Leasing Act

Federal legislation that requires detailed disclosures of lease terms and costs to consumers before a lease agreement is signed.

Two Months

A period of approximately sixty days or the duration covering two consecutive calendar months.