Post Utme Redeemers University 2023 Economics Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2023 Economics Objective / Multiple Choice
Question 25 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ECONOMICS • objective

A country is experiencing a recession due to a decrease in aggregate demand. What is the likely effect of this recession on the country's unemployment rate?

Answer Options

Correct Answer A. Unemployment rate will increase
B. Unemployment rate will decrease
C. Unemployment rate will remain the same
D. The effect on unemployment rate is uncertain
Correct Answer
A
Correct Option:
Unemployment rate will increase

About This Question

This is Post Utme Redeemers University 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Redeemers University Economics examination.

View More Post Utme Redeemers University 2023 Economics Questions More Post Utme Redeemers University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support