Question

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

Answer 1

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

Answer 2

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.