00:01
Basically, recessions are typically characterized by a decrease in economic activity, right, which leads to, which leads to reduced business investment, right, lower consumer spending and as a result increased unemployment rates, right.
01:16
This is because, this is because businesses may lay off workers or reduce hiring during economic downturns, right.
01:51
So, that means option number a is correct choice, where it says the unemployment rate, so this is going to be the answer, right.
02:18
Other options are less likely to increase during recession, like price level, so recession tend to put downward pressure on the prices due to reduced demand, right, and economic growth, if you talk about economic growth rates, so that are more likely to decrease or remain stagnant during recession and the labor force also typically remains relatively constant or even decrease as discouraged workers may temporarily leave the labor force during a recession...