An In The News article in the text is titled "The Misery Index." If an increase in government regulations causes the AS curve to shift to the left,the misery index will
A)Increase.
B)Decrease.
C)Remain unchanged.

Question

Quizplus · Accepted Answer

The misery index measures the economic well-being of the country, which is calculated by adding the unemployment rate and the inflation rate. If government regulations increase, it can lead to a decrease in output and employment, causing the AS curve to shift to the left. This, in turn, can increase the unemployment rate and inflation rate, leading to an overall increase in the misery index. Therefore, an increase in government regulations will cause the misery index to increase.

An in the News Article in the Text Is Titled