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Economics - Financial Markets 15 Online
OpenStudy (anonymous):

Imagine that the unemployment rate increases to record levels. The economy is in a. recession. b. expansion. c. a peak. d. a summit. I'm having a tough time trying to understand this question: Is it saying that the employment rate is way down or way up? Thanks!

OpenStudy (anonymous):

if only one correct answer then d employment rate is high when economy is prosperous.

OpenStudy (anonymous):

so is the question asking that the unemployment is up or is down?

OpenStudy (anonymous):

Im trying to understand the question?

OpenStudy (anonymous):

I think its not specific enough but maybe it's suggesting u consider it in a static state.

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