Following the recession of 2007-2009,the unemployment rate ________ by October 2009.
A) fell to 5.0%
B) rose to 10.0%
C) returned to its pre-recession level
D) stabilized at 6.5%
Economists who are skeptical of hysteresis in Europe during the 1980s and 1990s cite all of the following as reasons for persistently high unemployment in Europe EXCEPT
A) generous unemployment benefits.
B) restrictions on firms' ability to hire and fire workers.
C) the existence of an ongoing recession.
D) high tax rates.
By 2016,the fraction of the population working
A) was at its highest level since the 1970s.
B) was lower than its lowest level during the recession of 2007-2009.
C) had not yet recovered to pre-recession levels.
D) had not changed at all since the recession.
In August 2016,what percentage of the unemployed had been out of work for least six months?