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2. The unemployment rate (here in the United States) a. reached ten percent (10%) in October...

2. The unemployment rate (here in the United States)

a. reached ten percent (10%) in October 2009 as a result of “The Great Recession” (December 2007-June 2009).

b. is regarded (by economists) as “acceptably low” (i.e., revealing the economy to be at “full employment”) when it drops to four or five percent of the labor force

. c. was below five percent when Donald Trump became President in January 2017.

d. all of the above.

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Answer #1

The correct answer is

Option d. all of the above

All the given statements are true.

  • The unemployment rate in U. S in October 2019 reached 10% following the Great Recession.
  • The unemployment rate in the U.S. is regarded as acceptably low. The number of unemployed persons is very low when compared to people in unemployment. Every year a certain number of job opportunities are added to the economy making more people employed.
  • The unemployment rate was below 5% in the year 2017, that is, is 4.1% when Donald Trump became president.
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