What was one of the negative effects of the 1980s economy? Fewer jobs were available. Interest rates increased. Unemployment rates rose. Federal spending doubled.

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History

Jesse Gamble

6 February, 12:07

What was one of the negative effects of the 1980s economy? Fewer jobs were available. Interest rates increased. Unemployment rates rose. Federal spending doubled.

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Beatrice Pierce · Answer 1

The correct answer is "Unemployment rates rose"

A recession occurred in 1982, the second year of Reagan's term. This was central to the campaign of Treasury Secretary Paul Volcker against inflation: applying the Phillips Curve or the NAIRU theory, high unemployment (over 10% of the labor force, both in 1982 and 1983) results in a reduction of inflation.

Kaelyn Orr · Answer 2

The correct answer is C). Unemployment rates rose.

The early 1980s recession was a severe global economic that affected the U. S. at the end of the 1970s and the beginning of 1980s.

Unemployment rates started to rise in 1980. It was to 6.9% in April 1980 and 7.5% in May. The recession from the six first months of 1980 maintained unemployment high. It reached historically high levels of 7.5% until December of 1981.

The 1980s recession in the U. S. began in July 1981 provoked by the Federal Reserve's contractionary monetary policy. The recession ended in November 1982.