Question 1
Refer to the information for this hypothetical economy provided in Table 20.2 below to answer the question(s) that follow.
Refer to Table 20.2. We would expect the period from after the fourth quarter of 2014 until before the third quarter of 2015 to be categorized as a period of
◦ low inflation.
◦ low unemployment.
◦ low production.
◦ high unemployment.
Question 2
Refer to the information for this hypothetical economy provided in Table 20.2 below to answer the question(s) that follow.
Refer to Table 20.2. Which of the following quarters would we most expect to be associated with high unemployment?
◦ the first quarter of the year 2015
◦ the third quarter of the year 2016
◦ the third quarter of the year 2015
◦ the first quarter of the year 2014
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