Question

12 10 970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Year In this time series graph, the unemployment rate fluctuates from around 4% to 10%. Given this information, 1987 had an unemployment rate of around 6%. Look at the year 2015 and compare whether it was easier or harder to find employment with 1986 and why? 2 6 2 O It was easier to find work in the late 1980s than in 2015 because the unemployment rate was lower than 2015 It was more difficult to find work in 1986 because the unemployment rate was close to 6% and thus an economy worse off than the economy of 2015 ๏ O Finding work was equally as effortful in 2015 as it was in 1986 because both of those years had economic conditions where 8 unemployment was around 6%.

Answer 1

The time series graph shows that in both Year 1986 and the Year 2015, unemployment rate was close to 6%.

Since, the unemployment rate is similar in both years, it can be said that finding work was equally effortful in both years.

Thus,

Finding work was equally effortful in 2015 as it was in 1986 because both of those years had economic conditions where unemployment was around 6%.