Figure 5.5 shows that unemployment rate often continues to rise even after a recession has ended. Why

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Figure 5.5 shows that unemployment rate often continues to rise even after a recession has ended. Why might this occur?

Figure 5.5

12 H 1970 I -Recessionary period (1974 I- 1975 I) 1975 I 1980 I +Recessionary period (1980 II-1982 IV) 

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Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

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