Recall the Application about how to estimate the shifts in the natural rate of unemployment to answer the following question(s).
-According to the Application, the natural rate of unemployment in the United States was approximately 5 percent in the mid 1960s, ________ in the late 1970s and early 1980s, and ________ in the late 1980s until the year 2000.
A) peaked; declined
B) rose; continued to rise
C) fell; rose again
D) remained at 5 percent; began to rise

Question

Quizplus · Accepted Answer

The natural rate of unemployment in the United States increased in the late 1970s and early 1980s, indicating it peaked during this period, and then declined in the late 1980s until the year 2000.

Recall the Application About How to Estimate the Shifts in the Natural