From 1929 to 2010, the Unemployment Rate in the U

question 29

Multiple Choice

From 1929 to 2010, the unemployment rate in the U.S. ________.

• A) has continued to grow but has always remained well above zero
• B) has fluctuated around zero
• C) has gone up and down but has always remained well above zero
• D) has decreased in most recessions
• E) has grown by a factor of four

---

Definitions:

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, rather than the economy as a whole.

Descriptive Economics

A branch of economics that focuses on describing economic phenomena, without making judgments or recommendations.

Empirical Economics

The branch of economics that focuses on using data and statistical methods to analyze economic theories and test hypotheses.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate indicators such as GDP, unemployment rates, and inflation.