Which three macroeconomic variables together best describe the health of the economy?
A) Housing starts, GDP, and inflation
B) Output, inflation, and the exchange rate
C) GDP, unemployment, and interest rates
D) Output, prices, and employment

Question

Quizplus · Accepted Answer

Output, prices, and employment together provide a comprehensive overview of the health of an economy by indicating the level of economic activity, the stability of prices, and the state of the labor market, respectively.

Which Three Macroeconomic Variables Together Best Describe the Health of the Economy