Economics 9708 · AS & A Level · Monopolistic competition

Monopolistic competition — practice question

The diagram presents selected US labour statistics for 2001 to 2014. What can be concluded from the diagram about 2001-2014?

  • AEmployment as a percentage of the population aged 16 and over declined continuously.
  • BIn periods when the number of net new jobs was rising the percentage employed increased.
  • CThe natural rate of unemployment was achieved only in 2008.
  • DThe number of unemployed workers fell in all except four years.

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