Author Question: How does the unemployment rate change in a recession and in an expansion? What will be an ideal ... (Read 70 times)

Zulu123 · **on:** Jun 29, 2018

How does the unemployment rate change in a recession and in an expansion?

What will be an ideal response?

Question 2

A business cycle is the pattern of short-run upward and downward movements in production and jobs.

Indicate whether the statement is true or false

smrtceo · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

During a recession, the unemployment rate generally increases. During an expansion, the unemployment rate generally decreases.

Answer to Question 2

TRUE