During a Recession,output Declines Resulting in

question 4

Multiple Choice

During a recession,output declines resulting in

• A) lower unemployment in the economy.
• B) higher unemployment in the economy.
• C) no impact on the unemployment in the economy.
• D) higher wages for the workers.

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Definitions:

NAFTA Member Nations

The countries that are part of the North American Free Trade Agreement, aimed at reducing trading costs, increasing business investment, and helping North America be more competitive in the global marketplace.

Trade Restrictions

Measures applied by governments to control the exchange of goods and services across its borders, including tariffs, quotas, and embargoes.

International Commerce

The trade of goods, services, and capital across international borders or territories.