Empirical evidence suggests that _____
A) technological change leads to higher unemployment rates.
B) the unemployment rate in the United States in the late 1990s was lower than that in the 1970s.
C) the unemployment rate in the United States in the late 1990s was higher than that in the 1970s.
D) changes in the growth rate of the population lead to higher unemployment rates.
E) increase in government regulation leads to higher unemployment rates.

Question

Quizplus · Accepted Answer

Empirical evidence shows that the unemployment rate in the US was lower in the late 1990s than in the 1970s, indicating that factors other than technological change, population growth, or government regulation were at play. Therefore, option B is the best answer. The other options are not supported by empirical evidence.

Empirical Evidence Suggests That _____