Refer to the information for this hypothetical economy provided in Table 20.2 below to answer the question(s) that follow.
Table 20.2
2014 2015 2016

-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
A) low inflation.
B) low unemployment.
C) low production.
D) high unemployment.

Question

Refer to the information for this hypothetical economy provided in Table 20.2 below to answer the question(s) that follow.
Table 20.2
2014 2015 2016
 
-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
A) low inflation. 
B) low unemployment. 
C) low production. 
D) high unemployment.

Quizplus · Accepted Answer

During this period, there was a decrease in the unemployment rate from 5.7% to 5.0%, indicating a period of low unemployment. There is no information provided about inflation or production during this period.

Refer to the Information for This Hypothetical Economy Provided in Table