Which of the following macroeconomic variables in Canada do NOT display a significant long-run trend over recent decades?
A)real GDP
B)the price level
C)the level of unemployment
D)the unemployment rate
E)the level of labour productivity

Question

Quizplus · Accepted Answer

The unemployment rate in Canada does not display a significant long-run trend over recent decades, as it tends to fluctuate around a relatively stable average due to economic cycles, policy changes, and labor market adjustments, unlike variables such as real GDP, the price level, and labor productivity, which generally show clear trends over time.

Which of the Following Macroeconomic Variables in Canada Do NOT