Which of the following is a correct sequence of events during a recession?

Question

Quizplus · Accepted Answer

During a recession, unemployment typically rises as companies cut back on hiring or lay off employees, leading to a decline in income for individuals and businesses. As unemployment rises, tax revenue falls since there are fewer people working and paying taxes. Meanwhile, the government may need to increase spending on unemployment benefits to support those who have lost their jobs, which can contribute to a rise in the budget deficit. Therefore, the correct sequence of events during a recession is unemployment rises, income falls, tax revenue falls, unemployment benefits rise, and the budget deficit rises.

Which of the Following Is a Correct Sequence of Events