Economics 9708 · AS & A Level · Monopolistic competition

Monopolistic competition — practice question

The diagram presents selected US labour statistics from 2001 to 2013. What conclusion can be drawn from the diagram?

  • ABetween 2004 and 2005, when the number of net new jobs was rising, the percentage employed increased.
  • BEmployed as a percentage of the population aged 16 and over declined continuously.
  • CThe natural rate of unemployment was achieved only in 2008.
  • DThe number of employed workers rose in all except four years.

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