Which of the following statements is true of the unemployment rate in a country?

Question

Quizplus · Accepted Answer

During periods of economic expansion, the demand for goods and services increases, leading to an increase in employment opportunities and a decrease in the unemployment rate. Conversely, during periods of economic contraction, the demand for goods and services decreases, leading to a decrease in employment opportunities and an increase in the unemployment rate. Therefore, option B is the correct statement.

Which of the Following Statements Is True of the Unemployment