Which list contains two periods when the U.S. unemployment rate was below the natural rate of unemployment?
A)1965-1968, 1981-1984
B)1965-1968, 1997-2000
C)1981-1984, 1991-1994
D)1991-1994, 1997-2000

Question

Quizplus · Accepted Answer

During the periods of 1965-1968 and 1997-2000, the U.S. unemployment rate was below the natural rate of unemployment. This is because the actual unemployment rate was lower than what economists believed to be the “normal” rate of unemployment, which was around 4.5%. This could have been due to factors such as economic expansion, low inflation, and an increase in labor force participation.

Which List Contains Two Periods When the U