Which of the following statements is true of the unemployment rate in a country?
A) It is not correlated with the level of economic activity in a country.
B) It normally decreases during periods of both economic expansion and contraction.
C) It normally increases during periods of economic expansion and decreases during periods of economic contraction.
D) It normally decreases during periods of economic expansion and increases during periods of economic contraction.
D
You might also like to view...
Positive net exports are treated like domestic investment in the national income accounts because they are
A) always part of inventories. B) fixed assets not intended for resale. C) they represent future flows of real income. D) not intended for resale.
Economic growth measured in terms of an increase in per capita real GDP is a good measure of _____
a. the average citizen's standard of living in a nation b. the quality of labor in a nation c. the distribution of income in a nation d. the quality of life people experience in a nation e. economic activity in a nation