In Contrast to a Recession in Industrialized Nations, a Recession

Multiple Choice

In contrast to a recession in industrialized nations, a recession in pre-industrial nations:

A) is more visible in its effects on the unemployment rate but it has a smaller effect on wage rates.
B) is less visible in its effects on the unemployment rate but it has a larger effect on wage rates.
C) has larger effects on both unemployment and wage rates.
D) has smaller effects on both unemployment and wage rates.