Historical data show that during the recession of 1990-1991, the natural rate of unemployment was about 5.9% while the actual unemployment rate was 7.0%. A decade later, during the 2001 recession, the natural rate of unemployment fell to 4.8% while actual unemployment was 6.0%. Using this information, which of the following statements is correct regarding these two short recessions? The actual unemployment rate was higher in 2001, while cyclical unemployment was higher from 1990-1991. Both the actual unemployment rate and cyclical unemployment were higher during the 2001 recession. Both the actual unemployment rate and cyclical unemployment were higher during the recession of 1990-1991. The actual unemployment rate was higher during the recession of 1990-1991, while cyclical unemployment was higher in 2001.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Historical data show that during the recession of 1990-1991, the natural rate of unemployment was about 5.9% while the actual unemployment ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Bob plans to allow certain customers to pay in installments during the next 4 months. What kind of planning is this? How can accounting assist him in this process?
Answers (1)
Munson Co. uses a job order cost system. The following data summarize the operations related Obj. 2 to production for July:A. Materials purchased on account, $225,750. B. Materials requisitioned $217,600, of which $17,600 was for general factory use.
Answers (1)
If a customer buys back an option which was previously written, the transaction is referred to as a (n) : (A) Opening purchase (B) Opening sale (C) Closing sale (D) Closing purchase
Answers (1)
The average test score of rsm students in september increased by 10%. in october it increased by another 15%. by what percent did the average score on the test increase during the two months?
Answers (1)
The following account appears in the ledger after only part of the postings have been completed for July, the first month of the current fiscal year: Work in Process July1 Balance 60,200 Direct materials 147,000 Direct labor 120,000 Factory overhead
Answers (1)
New Questions in Business
On January 1, Kirk Corporation had total assets of $851,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $6,100, promising to pay cash for it in 60 days.
Answers (1)
Antonio derives more utility from spending an additional dollar on boots than on gloves. We can assume that: a. the marginal utility per dollar spent on boots is greater than the marginal utility per dollar spent on gloves. b.
Answers (1)
Which profession is most likely to be concerned with the effect of supervisors management styles?
Answers (1)
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)