A Main Reason for the Low Unemployment Rate from 1995

question 167

Multiple Choice

A main reason for the low unemployment rate from 1995 through most of the 2000s was because of

• A)higher oil prices.
• B)the government's policy of tightening immigration policies.
• C)the rapid development of the Internet industry and other new technologies.
• D)government's more liberal social benefit programs.
• E)increased defense expenditures by the government.

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Definitions:

Shortage

A situation in which the demand for a product or service exceeds the supply available at a specific price.

Tax on Good

A financial charge imposed by a government on the sale of a product or service, affecting its price.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded for it at those prices.

Good Sold

Refers to merchandise or items that have been purchased or exchanged in a transaction.