Unemployment rises and real gross domestic product (GDP)growth slows during the ________ business cycle.
A) expansion phase of a
B) recession phase of a
C) entire
D) recovery phase of a
E) short-run phase of a

Question

Quizplus · Accepted Answer

During the recession phase of a business cycle, unemployment rises as businesses cut back on hiring or lay off workers, and real GDP growth slows due to decreased consumer spending and business investment.

Unemployment Rises and Real Gross Domestic Product (GDP)growth Slows During