For the recessions in the United States since the 1950s
A) unemployment rises on average about 5 percentage points during the 12 months after a recession begins.
B) unemployment falls on average by 2 percentage points during the 12 months after a recession begins.
C) unemployment rises on average by about 1.2 percentage points during the 12 months after a recession begins.
D) cyclical unemployment has been non-existent.
C
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In a market with positive externalities, the market equilibrium quantity maximizes the welfare of society as a whole
a. True b. False Indicate whether the statement is true or false
Which statement about the economic impact of immigration is true?
a. State and local governments bear most of the costs of immigration. b. The federal budget pays the costs associated with educating immigrants. c. Immigration tends to have a positive effect on state and local budgets. d. Immigration tends to have a negative effect on the federal budget.