Which of the following explains the cause of the change in the unemployment rate at the end of a recession?
A) Firms are hesitant to rehire laid off workers as they continue to operate below capacity.
B) Discouraged workers leave the labor force, and this makes the unemployment rate rise.
C) Discouraged workers return to the labor force, and this makes the unemployment rate fall.
D) Firms rapidly hire new workers at the first sign of an increase in demand for their goods.
A
Economics
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Which of the following always raises the equilibrium price?
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Explain the different dimensions of technological progress
What will be an ideal response?
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