Related to the Economics in Practice on p.447: Compared to students who graduate college and obtain employment during an economic expansion,students who graduate during a recession often find that starting wages are ________ and wage growth is ________.

Question

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During a recession, job opportunities are fewer, and employers can afford to offer lower starting wages. Additionally, wage growth is slower as it takes longer for the economy to recover and for employers to offer pay raises. Therefore, compared to students who graduate during an economic expansion, students who graduate during a recession often find that starting wages are lower, and wage growth is slower.

Related to the Economics in Practice on P