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Refer to Application 2, "Comparing the Severity of Recessions," to Answer

Question 64

Multiple Choice

Refer to Application 2, "Comparing the Severity of Recessions," to answer the following questions:
-According to the application, compared to just looking at the unemployment rate, a more correct way to measure the damage caused by the recession is to:


A) look at the incomes of those who lost their jobs before and after the recession.
B) look at the incomes of the rich before and after the recession.
C) look at the incomes of the those who lost their job as well as those who kept their jobs.
D) compare the inflation rates before and after the recession.

Correct Answer:

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