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Questions
Single choice
Question20 If the change in inflation is positive, we know that More information is need it the economy is in a recession, and actual unemployment is less than the natural rate of unemployment. the economy is in a boom, and actual unemployment is less than the natural rate of unemployment. the economy is in a boom, and actual unemployment is greater than the natural rate of unemployment. the economy is in a recession, and actual unemployment is greater than the natural rate of unemployment. ResetMaximum marks: 1 Flag question undefined
Options
A.More information is need it
B.the economy is in a recession, and actual unemployment is less than the natural rate of unemployment.
C.the economy is in a boom, and actual unemployment is less than the natural rate of unemployment.
D.the economy is in a boom, and actual unemployment is greater than the natural rate of unemployment.
E.the economy is in a recession, and actual unemployment is greater than the natural rate of unemployment.
View Explanation
Standard Answer
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Approach Analysis
To tackle this question, I'll compare each statement to standard macroeconomic intuition about inflation, business cycles, and unemployment.
Option 1: "More information is need it". This is a non-answer; it claims that additional data is required to determine the state of the economy. In a structured multiple-choice setting, we should be able to classify the economy with the given information, so this option is not a complete conclu......Login to view full explanationLog in for full answers
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