Why does unemployment continue to rise as an expansion begins? ... O A. In the early stages of an expansion, the labor force decreases. OB. As an expansion begins, previously marginally attached workers look for jobs, exceeding the number of people hired. C. In the early stages of an expansion, unemployment increases as firms lay off workers in an attempt to cut costs. OD. The unemployment rate is a leading indicator of the business cycle, so unemployment continues to rise as an expansion begins.

Why does unemployment continue to rise as an expansion begins? ... O A. In the early stages of an expansion, the labor force decreases. OB. As an expansion begins, previously marginally attached workers look for jobs, exceeding the number of people hired. C. In the early stages of an expansion, unemployment increases as firms lay off workers in an attempt to cut costs. OD. The unemployment rate is a leading indicator of the business cycle, so unemployment continues to rise as an expansion begins.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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