The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect
A) that jobs are less difficult to find.
B) it is more likely that an incumbent president will be re-elected.
C) that investors will be more optimistic about the economy.
D) that stock prices are more likely to fall.
D
Economics
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Describe the difference between real GDP and nominal GDP. Which concept is more useful for measuring change in the economy over time? Why?
What will be an ideal response?
Economics
In arriving at the quantity of output and price of its product, a company
A. chooses either output or price, and consumer demand determines the other. B. has no control over either quantity or price. C. makes two decisions by setting both optimal output and optimal price. D. generally leaves both quantity and price decisions to consumers.
Economics