Which list contains two periods when the 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

According to the text, the natural rate of unemployment refers to the "lowest sustainable rate of unemployment." Therefore, any period when the unemployment rate is below this rate is considered a period of low unemployment. The text does not provide specific values for the natural rate of unemployment, so we cannot compare specific figures to determine whether the unemployment rate was below the natural rate during a specific time period. However, the text does mention that the unemployment rate was below the natural rate during the late 1990s, which is covered by option B. None of the other options are mentioned in the text as periods when the unemployment rate was below the natural rate.

Which List Contains Two Periods When the Unemployment Rate Was