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The figure shows the unemployment rate from the first quarter in 1970 until the fourth quarter in 2017. Recessions are highlighted in the figure by
The figure shows the unemployment rate from the first quarter in 1970 until the fourth quarter in 2017. Recessions are highlighted in the figure by the gray boxes. 12 -Recessionary -Recessionary period period (1980 11-1982 IV) 10 (1974 1- 1975 D) Recessionary period- Recessionary 8 (2001 1-2001 IID) period (2008 1-2009 ID) Unemployment rate (percentage points) 2 Recessionary period (1990 III-1991 D) 1970 1 1975 1 1980 1 1985 1 1990 1 1995 1 2000 1 2005 I 2010 1 2015 1 2017 IV Quarters MyLab Economics Real-time data According to the figure, during recessionary periods, the unemployment rate A. decreased O B. increased O C. remained unchanged O D. increased by the same amount in each recession
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