Related to the Economics in Practice on p. 448: Compared to students who graduate college and obtain employment during a recession, students who graduate during an economic expansion often find that starting wages are ________ and wage growth is ________.
A) lower; slower
B) lower; faster
C) higher; slower
D) higher; faster

Question

Quizplus · Accepted Answer

During an economic expansion, there is typically higher demand for labor, leading to higher starting wages and faster wage growth compared to a recession.

Related to the Economics in Practice on P