The experience of recessions in Australia has shown that:
A)cyclical unemployment has been non-existent.
B)unemployment continues to rise after a recession ends.
C)unemployment falls about 12 months after a recession begins.
D)unemployment rises on average about 5 percentage points 12 months after a recession begins.

Question

Quizplus · Accepted Answer

Unemployment often continues to rise even after a recession ends due to lagging effects in the labor market, where businesses are slow to rehire and economic recovery takes time to translate into job growth.

The Experience of Recessions in Australia Has Shown That