Over long periods, the United States unemployment rate tends to return…

Question

Over long periods, the United States unemployment rate tends to return to a range of:

Accepted Answer

A. 4 to 6 percent

1. It rises in recessions and falls in booms.
2. The long run resting range is low.
3. It is about 4 to 6 percent.
_Source: OpenStax Principles of Macroeconomics 3e, Chapter 8, Unemployment._

Answer

14 to 16 percent

Answer

40 to 60 percent

Answer

0 to 1 percent

Over long periods, the United States unemployment rate tends to return to a range of:

Keep practising Unemployment and Labour Force