Use the Following to Answer Question

question 35

Multiple Choice

Use the following to answer question:

-(Figure: Unemployment Rate over Time) Look at the figure Unemployment Rate over Time.In the time-series graph,as we move from the beginning of 2001 to the beginning of 2003,we see that the unemployment rate has _____ from approximately _____ to approximately _____.

• A)decreased;5%;4%
• B)increased;5.3%;7.3%
• C)decreased;7.7%;5.5%
• D)increased;4%;6%

---

Definitions:

Apples

A common fruit that comes in many varieties and is used in numerous culinary preparations, also often referenced as a basic economic good in examples.

Bananas

A type of edible fruit produced by various kinds of large herbaceous flowering plants in the genus Musa.

Utility Function

Represents a consumer's preference ranking for various bundles of goods, articulating the level of satisfaction received.

Indifference Curve

An indifference curve represents a graph showing different combinations of two goods that provide the consumer with the same level of satisfaction or utility.