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Fish181
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28 Feb 2024, 13:44
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Dropdown 1: End
Dropdown 2: a steep decrease
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
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45% (01:56) correct
55%
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wrong
based on 2279
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Select from each of the drop-down menus the option that creates the most accurate statement.
Based on the information in the graph, peaks in civilian unemployment rates occurred nearest the of a recession.
Based on the information in the graph, the period immediately following the recession ending in the late 1940s, compared with the period immediately following the recession ending in the early 1990s, was characterized by in civilian unemployment rates.
ID: 100316
2222222.PNG [ 76.88 KiB | Viewed 19098 times ]
Attachment:
2222222.PNG [ 76.88 KiB | Viewed 19098 times ]
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Dropdown 1: End
Dropdown 2: a steep decrease
20 Jun 2024, 05:54
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Fish181
The graph indicates recessions using the grey bars so first recession started in 1945 and ended in 1946 approx. Second recession started in 1949 and ended in 1950 (just before) etc.
Based on the information in the graph, peaks in civilian unemployment rates occurred nearest the ___ of a recession.
Attachment:
Screenshot 2024-06-20 at 6.13.59 PM.png [ 143.74 KiB | Viewed 15312 times ]
The unemployment rate is highest (peaks) at the end of the recessions (or slightly after that in recent years).
ANSWER:End
Based on the information in the graph, the period immediately following the recession ending in the late 1940s, compared with the period immediately following the recession ending in the early 1990s, was characterized by ____ in civilian unemployment rates.
Attachment:
Screenshot 2024-06-20 at 6.15.34 PM.png [ 133.46 KiB | Viewed 14885 times ]
The period immediately following the recession in late 1940s witnessed a sharp decline in unemploment rate (from 8% to about 3%) as shown by the slope of the blue line after the peak.
In comparison, the period immediately following the recession in early 1990s witnessed an increase in unemploment rate (from 6.5% to about 7.7%) as shown by the upward slope of the blue line to reach the peak.
Hence period following the recession ending in the late 1940s was characterized by a steep decline in civilian unemployment rates.
ANSWER: a steep decrease
General Discussion
28 Feb 2024, 17:01
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Quote:
We’re looking for peaks in the unemployment rates (blue line) in relation to recessions (shaded area). There’s a pattern of a peak always close to the right end of the shaded area, thus, as per the graphic, highest rates are seen nearest the end of a recession.
Quote:
This is tricky. Intuitively one can go initially to the “steep increase” alternative (myself included) since the curves are steepen post-recession late 1940s and 1990s. But, prompt asks for period immediately following the recession ending in the late 1940s, compared with the period immediately following the recession ending in the early 1990 - so we have to compare late 1940s post-recession rate of about 8% with 1990s post-recession rate about 6%, which, in comparison, shows a steep decrease in value.
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