Which of the following is a desirable characteristic in an economy?
A) high inflation
B) rapid increase in the general price level
C) low unemployment
D) low employment

Question

Quizplus · Accepted Answer

Low unemployment is a desirable characteristic in an economy as it indicates a healthy job market and more people are able to earn incomes to support themselves and contribute to the overall economy. High inflation and rapid increase in the general price level can lead to economic instability and decreased purchasing power for consumers. Low employment, on the other hand, indicates a lack of available jobs and potentially a stagnant or shrinking economy.

Which of the Following Is a Desirable Characteristic in an Economy