Answered: The unemployment rate in the United…

The unemployment rate in the United States tends to be… A. Acyclical B. Countercyclical C. Procyclical D. Not enough information

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 8SQ

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Question

The unemployment rate in the United States tends to be…
A. Acyclical
B. Countercyclical
C. Procyclical
D. Not enough information

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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