Describe the trends and fluctuations in the U.S. unemployment rate from 1980 to 2014
What will be an ideal response?
The unemployment rate has had several significant fluctuations around its average of 6.5 percent. It started by soaring to a high that exceeded 10 percent during the 1982 recession. Then there was a gradual downward trend particularly insofar as the peaks during the recessions in 1990-1991 and 2001 were much lower than in 1982 . But that situation reversed itself with the severe and prolonged recession of 2008-2009 when the unemployment once more jumped (slightly) above 10 percent. Since that peak the unemployment rate has fallen to around 6 percent.
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If a p-value is greater than or equal to 1.0, the results is said to be statistically significant.
Answer the following statement true (T) or false (F)
A search good is a product
A) with qualities that consumers lack the expertise to assess without assistance. B) that emphasizes the features of its product. C) with characteristics that enable an individual to evaluate the product's quality in advance of a purchase. D) that an individual must consume before the quality can be established.