In a "jobless recovery,"
A)no new jobs are created during a recession or in the early stages of recovery
B)firms do not hire new workers until they see the economy has recovered from the recession
C)unemployment must go back to its natural rate before the upswing can start
D)there is a lag between GDP growth and a drop in unemployment
E)none of the above

Question

Quizplus · Accepted Answer

In a "jobless recovery," GDP begins to grow after a recession, but unemployment rates do not immediately decrease, indicating a lag between economic growth and job creation.

In a "Jobless Recovery