Multiple Choice
Which of the following is true of the unemployment rate?
A) It fluctuates with the economic cycle and other broader economic trends
B) It does not vary across regions
C) It is a ratio of people 15 years and older who are working to the overall population in the same age group
D) The pandemic did not affect the employment rate, but it did affect the unemployment rate
E) It is the number of people not working who are looking for work as a percentage of the total labour force
Correct Answer:

Verified
Correct Answer:
Verified
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