Author Question: For the recessions in the United States since the 1950s A) unemployment rises on average about 5 ... (Read 122 times)

ss2343 · **on:** Jun 29, 2018

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.

Question 2

Refer to Table 19-29. Based on the table above, what is national income for this economy?

A) 4,700 billion B) 4,000 billion C) 3,150 billion D) 2,450 billion