In 1933 the unemployment rate was about 25%. This percentage
(a) is probably quite accurate because the data on unemployment collected by the federal government was quite good at the time.
(b) is probably too high because some people with jobs claimed to be unemployed so
that they could collect unemployment compensation payments.
(c) is probably too low because there were discouraged and underemployed workers.
(d) is probably meaningless because the data on unemployment was either very poor
or nonexistent.
ANSWER
(c)
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