The experience of recessions in Australia has shown that the unemployment rate:
A)rises for about six months after the recession has finished.
B)rises for at least one year after the recession has finished.
C)falls within one year of a recession finishing.
D)falls within six months of a recession finishing.

Question

Quizplus · Accepted Answer

The unemployment rate typically rises for at least one year after a recession has finished. This is because even though a recession may officially end, businesses are often cautious about expanding and hiring new employees until they are confident that the economic recovery is stable.

The Experience of Recessions in Australia Has Shown That the Unemployment