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Business Cycles and Their Characteristics
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Problem 10
Business Cycles and Their Characteristics
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13. Productivity and Economic Growth / Business Cycles and Their Characteristics / Problem 6
Problem 6
What is a jobless recovery and what are its implications for economic growth?
A
An economic recovery where both GDP and employment decline.
B
An economic recovery where both GDP and employment grow.
C
An economic recovery where GDP grows but unemployment remains high.
D
An economic recovery where GDP declines but employment grows.
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