the business cycle\nat which point in the business cycle would the unemployment rate begin to…
the business cycle\nat which point in the business cycle would the unemployment rate begin to increase?\n1\n2\n3\n4\neconomic output\ntime
Answer
Brief Explanations:
In the business - cycle, the unemployment rate begins to increase as the economy moves from the peak to the contraction phase. Point 2 represents the peak of the business cycle. After the peak, economic output starts to decline, and businesses may start laying off workers, leading to an increase in the unemployment rate.
Answer:
B. 2