Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following explains why the rate of unemployment continues to rise once a recession isover? A. Firms are operating below capacity for some

Which of the following explains why the rate of unemployment continues to rise once a recession isover?

A.

Firms are operating below capacity for some time after the recession is finished.

B.

Discouraged workers leave the labour force.

C.

The unemployment rate does not continue to rise after a recession is over.

D.

Wages rise faster than productivity increases so firms are reluctant to hire workers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics and Business Strategy

Authors: Michael R. baye

7th Edition

978-0073375960, 71267441, 73375969, 978-0071267441

More Books

Students also viewed these Economics questions