Refer to the Following Figure to Answer

question 83

Multiple Choice

Refer to the following figure to answer
Figure 7.1: U.S. Unemployment Rate: 1975-2012 (Source: U.S. Bureau of Labor Statistics)
-Using Figure 7.1, which of the following year(s) are the trough of a recession?

• A) 1980
• B) 1989
• C) 2001
• D) 2010
• E) All of these answers are correct.

---

Definitions:

Employer's Ability To Pay

An assessment of an employer's financial capability to meet salary demands and provide benefits to its employees.

Job Ranking

A method of evaluating jobs relative to each other within an organization based on their overall importance or complexity.

Precise Measure

A highly accurate and specific method of evaluation or quantification, allowing for little to no variation or error.

Labour Market Conditions

Refers to the current status of employment, unemployment, job creation, and wages in a particular region or economy.