Immediately after a recession ends, the employment rate begins rising. Evaluate this statement, based on the historical

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€œImmediately after a recession ends, the employment rate begins rising.€ Evaluate this statement, based on the historical record in the following figure.

Percent 98 employed 97 96 Normal 95 94 93 92 91 90 - Slump Slump Slump Slump 89 1979 1982 1985 1988 1991 1994 1997 2000

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Macroeconomics Principles and Applications

ISBN: 978-1111822354

6th edition

Authors: Robert E. Hall, Marc Lieberman

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