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At the outset of the recession described, the unemployment rate was:
A5.0 percent
B9.0 percent
C1.0 percent
D15.0 percent
Answer & Solution
Correct answer: A. 5.0 percent
1. The recession is tracked from its starting unemployment rate.
2. The unemployment rate rises as a recession takes hold.
3. At the outset of the recession, the rate is given directly.
4. It was 5.0 percent.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 7 'Unemployment'_
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