How does the unemployment rate fluctuate over the business cycle?

What will be an ideal response?

During a recession the unemployment rate is generally rising. During an expansion the unemployment rate is generally falling.

Economics

You might also like to view...

The chairman of the Board of Governors of the Federal Reserve System is appointed by the Senate and approved by the President

a. True b. False

View
Economics

In economics,one of the effects of scarcity is

a) disutility. b) utility. c) choice. d) inefficiency.

View
Economics