An Important Development During the Great Recession (Roughly 2008-2012) Was

question 12

Multiple Choice

An important development during the Great Recession (roughly 2008-2012) was that

• A) more than 35 percent of all unemployed workers remained unemployed for more than 26 months.
• B) most than 50 percent of all unemployed workers remained unemployed for 13 to 26 weeks.
• C) the unemployment rate increased dramatically but the average unemployment spell remained constant at about 8 weeks of unemployment.
• D) more than 70 percent of all unemployed workers exited unemployment within 5 weeks; however, most of this movement was due to the unemployed becoming discouraged and exiting the labor force rather than finding a job.
• E) the amount of frictional and seasonal unemployment increased dramatically while the amount of structural unemployment decreased substantially.

---

Definitions:

Secondary Market

A marketplace where investors buy and sell securities or assets from other investors, rather than from the issuing entities themselves.

Labour Market Jobs

Employment opportunities available in the economy that require the labor of individuals to fill.

Post-Structuralist

An approach in various fields of humanities and social sciences that critiques and moves beyond the methodologies of structuralism, focusing on how power, knowledge, and discourse shape human experience and understanding.

White Paper

A document used to outline a company's position or promote a specific solution to a problem, often in business or policy contexts.