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13 November, 10:21

According to the information, if the shaded areas indicate a recession, unemployment rates

A)

fall during economic recessions.

b)

rise during economic recessions.

c)

rise during economic recovery periods.

d)

fall during economic recovery periods.

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Answers (1)
  1. 13 November, 10:53
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    According to the information, if the shaded areas indicate a recession, unemployment rates rise during economic recession.

    Option: B

    Explanation:

    In economics unemployment is directly related with value based marketing system where inflation and recession possess a great importance. Recession lowers down the value of money and reduces the supply of money in the market. Recession refers to the great loss in share of markets where people loss their savings and benefits.

    Inflation also highers the cost and lowers down the value of money. That means in the time of inflation people get less quantity of product by spending same amount of money.
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