If you look for a job for eighteen months after graduation, but fail to generate an offer, even after lowering your expectations, the economy is probably in the business cycle phase called a:
A) recession.
B) peak.
C) boom.
D) recovery.

Question

Quizplus · Accepted Answer

If you look for a job for a long period of time but fail to generate an offer, and have also lowered your expectations, it is indicative of a lack of demand for labor which is a characteristic of a recessionary phase in the business cycle. In a recession, unemployment is high, consumer spending is low and overall economic activity is slow.

If You Look for a Job for Eighteen Months After