Suppose that the natural rate of unemployment during the Great Depression and the Great Recession was 5%. a. During the worst part of the Great Depression, cyclical unemployment was equal to 26 %. b. During the worst part of the Great Recession, cyclical unemployment was equal to 5

Question

Makhi Perry

Social Studies

3 September, 19:34

Suppose that the natural rate of unemployment during the Great Depression and the Great Recession was 5%. a. During the worst part of the Great Depression, cyclical unemployment was equal to 26 %. b. During the worst part of the Great Recession, cyclical unemployment was equal to 5

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Answers (1)

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Nathen Mcclain · Answer 1

The correct answer is a: During the worst part of the Great Depression, cyclical unemployment was equal to 26%. As,

Explanation:

Cyclical unemployment depends on the economic cycle that a country's economy is going through at a given time. In stages of recession or crisis, cyclical unemployment increases while in phases of expansion it decreases.