If an Economy Has Just Had a Serious Recession but Real

question 3

Multiple Choice

If an economy has just had a serious recession but real GDP is expanding once again, we can expect the unemployment rate to:

• A) fall immediately.
• B) rise immediately.
• C) rise if people who were previously discouraged enter the work force but do not find jobs right away.
• D) fall if people who were previously discouraged enter the work force but do not find jobs right away.

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Definitions:

Restrain Trade

Practices or agreements that restrict competition, often considered illegal under antitrust laws.

Conspiracy

An agreement between two or more parties to commit an illegal act or to use illegal means to achieve a legal end.

Interindustry Competition

Refers to competition between firms in different industries vying for the same set of customers, often through substitution of products or services.

Intraindustry Competition

Competition among companies within the same industry or sector, vying for the same customer base.