The unemployment rate ________.
A) is essentially unchanged over the business cycle
B) rises in economic expansions and falls in economic contractions
C) falls consistently over both economic expansions and recessions
D) varies over the course of the business cycle
Correct Answer:
Verified
Q8: Over the past 50 years,the largest increase
Q9: An increase in output due to either
Q10: In the market for their services,workers face
Q11: Suppose the marginal product of labor is
Q12: The equation Y = A 
Q14: Over the past five decades,the U.S.civilian unemployment
Q15: The highest unemployment rate recorded since World
Q16: Suppose the marginal product of labor (MPL)is
Q17: From 1965 to 2013,the average real wage
Q18: Moving along the supply curve for labor,increases
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents