Data on the Unemployment Rate in the U

question 233

True/False

Data on the unemployment rate in the U.S. since 1960 show that the economy always has some unemployment and that the amount changes from year to year.

---

Definitions:

Equilibrium Interest Rate

The interest rate at which the quantity of money demanded equals the quantity of money supplied, balancing the savings and the demands for loans.

Interest Rates

The cost of borrowing money or the reward for saving, often expressed as a percentage of the principal amount.

Credit Markets

Financial markets where borrowers can obtain funds from lenders, often facilitated by financial intermediaries, allowing for the purchase of goods, services, or investment in enterprises.

Capital Goods

Long-lasting goods acquired or manufactured by a business that are used to produce other goods or services.