(Consider This) Which of the Following Best Explains Why Unemployment

question 268

Multiple Choice

(Consider This) Which of the following best explains why unemployment rises significantly during a recession?

• A)Wages are sticky both upward and downward.
• B)Wages are flexible both upward and downward.
• C)Wages are flexible upward but sticky downward.
• D)Wages are sticky upward but flexible downward.

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Definitions:

Pessimist

A person who tends to see the worst aspect of things or believe that the worst will happen.

Optimist

An individual who generally believes in positive outcomes and possesses a positive outlook on life.

Type A

is a personality type characterized by competitiveness, impatience, and a fast-paced lifestyle, associated with a higher risk of heart disease.

Hardy

Possessing or characterized by qualities of resilience, strength, and an ability to cope well with adversity.