Compared to high school graduates, what is likely to happen to employment and wages for college graduates during a recession?
What will be an ideal response?
In economic recessions when unemployment in the economy rises, college graduates are less likely to lose their jobs and are likely to experience smaller declines in wages than are high school graduates.
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If the real interest rate in the United States decreases, foreign investors will ________ their demand for U.S. dollars because they desire to ________ fewer U.S. financial assets
A) increase; buy B) increase; sell C) decrease; buy D) decrease; sell
Monopolistically competitive firms do not achieve allocative efficiency in the long run because
a. marginal cost equals marginal revenue b. marginal cost is greater than marginal revenue c. marginal cost is less than marginal revenue d. price is less than marginal cost e. price is greater than marginal cost