A characteristic of the unemployment rate is that ________.
A)it typically goes up in a recession
B)it typically goes down in a boom
C)it is not clear whether it is a leading or a lagging indicator
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

The unemployment rate typically goes up in a recession and down in a boom, making it a lagging indicator. Therefore, all of the above choices are correct.

A Characteristic of the Unemployment Rate Is That ________