Generally,the higher the level of output in an economy is the ________ will be.
A)lower the unemployment rate and inflation rate
B)higher the unemployment rate and inflation rate
C)higher the unemployment rate and the lower inflation rate
D)lower the unemployment rate and the higher inflation rate

Question

Quizplus · Accepted Answer

When the level of output in an economy is high, it typically means that more goods and services are being produced and consumed. This increased economic activity usually leads to lower unemployment, as more workers are needed to produce the higher level of goods and services. However, a high level of output can also lead to higher inflation rates, as increased demand for goods and services can drive up prices.

Generally,the Higher the Level of Output in an Economy Is