If you and your friends are still looking for a job eighteen months after graduation, even after lowering your wage expectations, you are probably in the _________ phase of the business cycle.

Question

Quizplus · Accepted Answer

The recession phase of the business cycle is characterized by high unemployment rates and a decrease in economic activity. If graduates are still struggling to find employment even when they have lowered their wage expectations, it indicates a lack of job opportunities in the market, which is typical of a recession.

If You and Your Friends Are Still Looking for a Job