Related to the Economics in Practice on p. 445: Survey data suggests that during the recession of 2008-2009, the hours that those who were unemployed lost to the formal market were primarily spent on
A) job search.
B) increased education.
C) leisure activities.
D) non-market work.

Question

Quizplus · Accepted Answer

During the recession of 2008-2009, many unemployed individuals spent their lost formal market hours on leisure activities, as the economic downturn limited job opportunities and resources for education or non-market work.

Related to the Economics in Practice on P