The unemployment rate generally ________ during recessions and generally ________ during expansions.

Name: The unemployment rate generally ________ during recessions and generally ________ during expansions.
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

During recessions, businesses are less likely to hire and more likely to lay off workers, leading to an increase in unemployment. During expansions, businesses are more likely to hire as demand for goods and services increases, leading to a decrease in unemployment.

The Unemployment Rate Generally ________ During Recessions and Generally ________

The Unemployment Rate Generally During Recessions and Generally