If you look for a job for 18 months after graduation, but fail to generate an offer, even after lowering your expectations, the economy is probably in the business cycle phase called:

Question

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If after 18 months of job searching, even after lowering one's expectations, no job offer is generated, it may indicate a lack of job opportunities due to weak economic conditions. This is indicative of a recessionary phase in the business cycle where there is a high level of unemployment and a sluggish job market.

If You Look for a Job for 18 Months After