Question

Suppose the National Bureau of Economic Research (NBER) comes out with a report suggesting that the economy will soon dip into recession. You can expect that: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. a. levels of cyclical unemployment will rise.b. unanswered levels of frictional unemployment may rise as people looking for jobs will find it harder to get new jobs.c. unanswered levels of structural unemployment are not likely to change much.d. unanswered the labor force participation rate is likely to fall as potential workers drop out of the job market.e. unanswered the labor force participation rate is likely to rise as potential workers join the job market.f. unanswered levels of frictional unemployment will fall as people find jobs more quickly.g. unanswered levels of structural unemployment are likely to rise as businesses look for specific types of workers.

Answer 1

Levels of cyclical unemployment will rise.

Unanswered levels of frictional unemployment may rise as people looking for jobs will find it harder to get new jobs.

Unanswered levels of structural unemployment are likely to rise as businesses look for specific types of workers.

Answer: Options A, B and G.

Explanation:

In Economics, a recession is a business cycle constriction when there is a general decrease in monetary action. Downturns by and large happen when there is a far reaching drop in spending.

A recession happens when there are at least two back to back quarters of negative monetary development, which means GDP development contracts during a downturn. As organizations battle with less money and income, they first attempt to lessen their expenses by bringing compensation or stopping down to procure new specialists, which can stop business development.