Answered: A mild period of falling incomes and…

A mild period of falling incomes and rising unemployment is called a: A. business cycle B. boom C. recession D. depression

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 7SCQ: Many college students graduate from college before they have found a job. When graduates begin to...

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A mild period of falling incomes and rising unemployment is called a:

		A. business cycle
		B. boom
		C. recession
		D. depression

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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