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balandron [24]
2 years ago
13

Upon your graduation from college, you find that the economy is in recession and the unemployment rate is relatively high. Nonet

heless, you continue along your career path looking for a new job because:__________.
a) the cost of education is always higher during recession
b) high unemployment rates do not usually last for very long
c) looking for work is your only optiond) the wages of college graduates do not fall during recession
Business
2 answers:
Neko [114]2 years ago
7 0

Answer:

B) high unemployment rates do not usually last for very long

Explanation:

Unemployment rate tend to increase during recessions because cyclical unemployment increases a lot, but after the Great Depression, recessions have lasted relatively short periods in the US. Even the Great Recession that started when Pres. Bush left and Pres. Obama took office (12/2007 - 6/2009) lasted 18 months. The prior recessions of 1991 and 2001 (Bush father and son) lasted 8 months. Luckily recessions do not last a long time compared to the time when the economy is growing (last 11 years) and 6 and 10 years in between the other Bush's.

So we can assume two things:

  1. periods with high unemployment do not last very long
  2. presidents with the last name Bush are lousy economists
monitta2 years ago
6 0

Answer:

high unemployment rates do not usually last for very long

Explanation:

Based on the information provided within the question it can be said that the main reason to continue doing this is because you know that high unemployment rates do not usually last for very long. On average in the United States of America there is a recession every 8 years and the the unemployment rates and economy always end up recovering after a certain amount of time has passed.

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The day-to-day living conditions of modern Americans are very different from what they were in the 20th century. While doing res
IRINA_888 [86]

Answer:

B) There has been economic growth in our society.

Explanation:

The American economy has consistently been the largest economy in the world since 1871, while the rest of the economic podium has changed a lot. Currently the Chinese economy is number 2, but just a few years ago the Japanese economy was on second place. The United Kingdom is currently a large economy, but it was number 1 before the US, and then it continued to fall to the sixth place. Argentina was once of the largest economies and richest economies in the world, and now it is a developing nation.

The only constant position (at least until China surpasses the US) during the last 150 years has been the US at number 1.

That doesn't mean that the US economy grew every year and there were no recessions. The largest global recession originated in the US in 1929, the Great Depression. And just a few years back, in 2008 the Great Recession hit the US. The US has suffered from several minor recessions as well.

3 0
3 years ago
Suppose the economy is operating in long-run equilibrium and a positive demand shock hits. We expect a short-run increase in rea
Pepsi [2]

Answer:

The correct answer is: an expansionary gap; decrease the money supply.

Explanation:

An expansionary gap is when genuine output surpasses potential output. At the end of the day, the economy is incidentally working over its long-run potential as estimated by real GDP.

3 0
3 years ago
For Tax Year 2019, amounts are indexed using the Chained Consumer Price Index for All Urban Consumers ("chained CPI"). What impa
Effectus [21]

Answer:

d. Using the chained CPI will not have a notable impact on 2019 tax returns.

Explanation:

when amounts are indexed using the chanined consumer price index, they increase slowly because there is a period to period connection in the consumer price index.

Therefore, The use of the chained consumer price index would have not have any significant impact on 2019 tax returns.

3 0
3 years ago
How will you conquer your to-do list and stay stress-free
eimsori [14]

Answer:

dont overwhelm yourself, take your time and enjoy life.  

Explanation:

7 0
3 years ago
Assignment: Chapter 01: Concept Check Quiz
Talja [164]

Answer:

Spellberg Inc.

Ramon Frustration with monotonous job:

d. Job variety, good compensation, and independence

Explanation:

Ramon is tired of a monotonous job, he needs job variety.  For lack of appreciation for hard work, he needs good compensation.  To enjoy some level of independence, he feels the lack of freedom from his former role, so he needs a job that commanded job variety, good compensation, and independence.  This is surely offered by a role in sales, where he will be meeting with a variety of customers with varying degrees of interaction.  He is out to solve people's problems, and a role in sales is the best to meet this need.

8 0
3 years ago
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