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Which of the economic indicators is most likely to be high during a recession?
Unemployment rate
What happens to the economy during a recession?
An Economic Recession is a period of economic contraction (The Growth Rate shrinks and becomes stagnant)
What best explains what happens when unemployment increases during a recession?
The recession worsens into a depression.
What of the following happens when unemployment increases during a recession?
There´s a depression
What is an acceptable unemployment rate?
5.4% when the economy is good. 9.5% when the economy is in a recession.
Did the unemployment rate increase because of the recession?
yes because companies save money by cutting employment due to the recession
What happens when fewer jobs are available and unemployment goes up?
Recession For A+ Cheaters ( ;
What is natural rate of unemployment?
The natural rate of unemployment is the rate that holds over the long-run in equilibrium. In Classical economics, this rate is 0%. With other assumptions, such as frictional and structural unemployment, you will get a natural unemployment rate above 0%. Source: http://www.transtutors.com/homework-help/macro-economics/unemployment/full-employment/
Is it true during a recession demand for goods increases and employment rises?
Just the opposite happens. In a recession, unemployment increases and the demand for goods decreases.
Is the unemployment rate high or low in the us?
As of October 2021, the unemployment rate in the US is around 4.6%, which is considered moderate. It has been decreasing since the peak in April 2020 due to the impact of the COVID-19 pandemic.
Was an effect of the Great Recession?
High unemployment was an effect of the Great Recession.
When real GDP declines during a recession what typically happens to consumption investment and the unemployment rate?
Unemployment rate rises as output falls so fewer workers are needed. Cosumption falls as people become poorer due to unemployment so they cannot spend but save so this leads to a fall in investment as firms dont make as much profit due to less people spending.
