Which of the following is the misery index supposed to measure?
A)the social cost of unemployment
B)the health of the economy
C)the lost output associated with a particular unemployment rate
D)the short-run tradeoff between inflation and unemployment

Question

Quizplus · Accepted Answer

The misery index is an economic indicator that measures the health of the economy by adding the unemployment rate to the inflation rate. It reflects the economic discomfort felt by individuals due to high inflation and unemployment.

Which of the Following Is the Misery Index Supposed to Measure