During a Recession,a Number of Workers Have Their Hours Reduced

question 37

Multiple Choice

During a recession,a number of workers have their hours reduced by their employers.All else the same,the unemployment rate will ________ and the labor force participation rate will ________.

• A) decrease; increase
• B) increase; not change
• C) increase; increase
• D) not change; not change
• E) decrease; not change

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Definitions:

Income Tax Expense

The cost associated with the taxes levied on the income of a company by the government.

Income From Operations

Income from a company’s principal operating activity; determined by subtracting cost of goods sold and operating expenses from net sales.

Trend Percentage

A comparative analysis technique that calculates the change in financial data over multiple periods to identify patterns or trends.

Base Year

A reference year used for comparative financial analysis, providing a benchmark for measuring changes or growth over time.