After the Recession of 2007-2009,the Unemployment Rate Peaked at 10

question 102

Multiple Choice

After the recession of 2007-2009,the unemployment rate peaked at 10.1 percent in October 2009.23 months later,it had

• A) dropped by 50 percent.
• B) declined by only 1 percentage point.
• C) remained at 10.1 percent.
• D) fallen to the natural rate of unemployment.

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Definitions:

Probability Distribution

A function used in math to estimate the chances of various outcomes in an experimental setup.

Textile Industry

A sector of the economy concerned with the production of yarn, cloth, and the subsequent design or manufacture of clothing and their distribution.

Blemishes

Imperfections or marks on a surface or object that affect its appearance or quality.

Random Variable

A variable that varies based on the results of a chance event.