What Does the Phrase "Jobless Recovery" Refer To

Multiple Choice

What does the phrase "jobless recovery" refer to?

A) It refers to a situation where an economy is moving out of a recession without a significant increase in employment.
B) It refers to a situation in which rising productivity has made it possible for firms to reduce their workforce and increase output at the same time.
C) It refers to the phenomenon where U.S. firms move their production abroad, thereby destroying jobs in the domestic market and creating new jobs in foreign markets.
D) It refers to a situation in which a worker's real wage falls despite increases in productivity.