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Author Question: Other things equal, the unemployment rate falls if (Read 55 times)

Garrulous

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Question 1

The United States began to pull out of a recession in the spring of 1991. Unemployment fell, but inflation did not increase. What was the most likely cause of this?


◦ Aggregate supply was increasing at a faster rate than aggregate demand.
◦ Both aggregate demand and aggregate supply were decreasing.
◦ Aggregate demand was increasing but aggregate supply was decreasing.
◦ Aggregate demand was increasing at a faster rate than aggregate supply.

Question 2

Other things equal, the unemployment rate falls if


◦ the demand for labor decreases.
◦ aggregate output decreases.
◦ the supply of labor decreases.
◦ aggregate demand decreases.


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Marked as best answer by Garrulous on Apr 19, 2019

abro1885

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Garrulous

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)


jackie

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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