(Last Word) Which of the following statements best describes employment changes since the Great Recession?
A) The unemployment rate has recovered to prerecession levels, but this masks the fact that many full-time jobs have been replaced by part-time employment.
B) The unemployment rate remains persistently higher than what it was at the start of the recession.
C) Employment growth since the recession has tended to favor younger, cheaper workers.
D) The ratio of employed to the population has risen above prerecession levels, as families have attempted to repay debt and rebuild wealth.
Correct Answer:
Verified
Q120: Cost-push inflation
A)reduces real output.
B)increases real output.
C)reduces the
Q121: (Consider This) Deflation is most likely to
Q123: If the nominal interest rate is 8
Q124: A concern about negative nominal interest rates
Q127: The business cycle is so named because
Q127: People who work part time, but desire
Q128: An annual rate of inflation of 7
Q129: Unanticipated inflation helps some groups in the
Q130: During the past 10 years, the annual
Q138: The production of durable goods is more
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents