n NISM Certifications
XV NISM Series XV
Medium

Generally, during expansion of economies, the unemployment rate ______.

Practice question from NISM XV Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Falls

    Correct answer

  2. B

    Rises

  3. C

    Remains constant

Why this is the answer

Unemployment measures the percentage of the population willing and able to work but without a job. During economic expansion, production increases, more jobs are created, and unemployment falls.

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