During an expansion, the unemployment rate generally
A) rises.
B) falls.
C) is not affected.
D) is, by definition, below 5 percent.
E) is higher than during a recession.
B
Economics
You might also like to view...
Which of the following is likely to shift the credit demand curve of a computer manufacturer to the left, assuming all else equal?
A) An increase in the scale of production B) A decrease in the scale of production C) An increase in the real interest rate D) A decrease in the real interest rate
Economics
Full-employment output is the level of output that firms in the economy supply when
A) taxes are zero. B) wages and prices have fully adjusted. C) the unemployment rate is zero. D) all capital is fully utilized.
Economics