Why Did the Unemployment Rate Decline During the Recession of 2008-09

question 16

Multiple Choice

Why did the unemployment rate decline during the recession of 2008-09 in Germany?

• A) Because out of the 19 OECD countries, all but Germany had low unemployment rate prior to the recession.
• B) Because the unemployment rate of all OECD countries had declined during this period.
• C) Because out of the 19 OECD countries, only Germany had short-time work schedule programs.
• D) Because of the presence of large and effective short-time work schedule programs in Germany.
• E) None of choices are correct.

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