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What best explains the fluctuations in the unemployment rates over the past 50 years? O The contraction and growth of the labor force Worker productivity. The cycles of economic recessions and expansions.

In the past 50 years the unemployment rate has only reached 10% on two occasions, when did these two unemployment spikes occur? O The late 1980s and early 2010s. The 1970s and early 2000s. The early 1980s and 2007-2009.

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a) The answer will be the cycles of economic recession and expansions. During the time of recession unemployment rate is high and during the time of expansion, the rate is low.

b) The answer will be the early 1980s and 2007-2009. The unemployment rate for the past 50 years has been around 5%. It was only in the 1980s and 2007-2009, the rate touched 10% due to deep recession.

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