Question

The expansion of​ 2002-2008 created jobs at​ ______ rate.

The first two years of the expansion created few jobs because​ ______.
A. an unusually​ fast;
most expansions do not create many jobs in the first two years

B. an unusually​ slow;
the first jobs that were created eliminated cyclical​ unemployment, and cyclical unemployment is a very small portion of total unemployment

C. an​ average; the first jobs that were created eliminated cyclical​ unemployment, and cyclical unemployment is a very small portion of total unemployment

D. an unusually​ slow; the expansion was very​ weak, so employment growth was weak

Answer 1

The expansion from 2002 to 2008 created jobs at an average rate. Job growth in the initial two years was likely slow due to a small portion of cyclical unemployment being addressed first.

Step-by-step explanation:

The expansion of the economy from 2002 to 2008 created jobs at an average rate. The first two years of the expansion may have created few jobs due to the nature of cyclical unemployment being a smaller portion of total unemployment. Cyclical unemployment refers to the fluctuation in unemployment that occurs as a result of the ups and downs of the economy over time. During economic growth, even though jobs may be destroyed, more jobs are generally created, which keeps the unemployment rate steady. In the mid-2000s, even with job creation in full swing and a significant number of unemployed persons finding work within 14 weeks, the overall unemployment did not see much change because of the balance between job creation and loss.