Refer to the information for this hypothetical economy provided in Table 20.1 below to answer the question(s) that follow.
Table 20.1
2014 2015 2016

-Refer to Table 20.1. The period from after the fourth quarter of 2014 until before the first quarter of 2016 can be categorized as a period of
A) high inflation.
B) low unemployment.
C) high production.
D) high unemployment.

Question

Refer to the information for this hypothetical economy provided in Table 20.1 below to answer the question(s) that follow.
Table 20.1
2014 2015 2016
 
-Refer to Table 20.1. The period from after the fourth quarter of 2014 until before the first quarter of 2016 can be categorized as a period of
A) high inflation. 
B) low unemployment. 
C) high production. 
D) high unemployment.

Quizplus · Accepted Answer

The table shows that the unemployment rate increased from 5.6% in Q4 2014 to 6.2% in Q1 2016. Therefore, the period can be categorized as a period of high unemployment.

Refer to the Information for This Hypothetical Economy Provided in Table