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.
A)recession
B)peak
C)boom
D)recovery

Question

Quizplus · Accepted Answer

If a group of graduates are struggling to find employment and have lowered their wage expectations even after a considerable amount of time has passed, it is likely that the economy is experiencing a recession. During a recession, there is low demand for goods and services and businesses are less likely to hire new employees.

If You and Your Friends Are Still Looking for a Job