When an Economy Enters a Recession,the

question 18

Multiple Choice

When an economy enters a recession,the

• A)Duration of unemployment rises.
• B)Cost of unemployment falls.
• C)Number of unemployed falls.
• D)Number of discouraged workers falls.

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Definitions:

Client-visits

The occurrence of clients or potential clients physically coming to a business location or being visited by the business’s representatives.

High-low Method

A technique used in cost accounting to estimate variable and fixed cost elements of a cost by using the highest and lowest activity levels.

Monthly Production Volume

The total number of units of a product manufactured by a company in a month.

Total Cost

The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.