Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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