Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow.
Table 5.1
2014 2015 2016

-Refer to Table 5.1. The period from after the fourth quarter of 2014 until before the first quarter of 2016 can be categorized as a period of
A) high inflation.
B) low unemployment.
C) high production.
D) high unemployment.

Question

Refer to the information for this hypothetical economy provided in Table 5.1 below to answer the questions that follow.
Table 5.1
2014 2015 2016
 
-Refer to Table 5.1. The period from after the fourth quarter of 2014 until before the first quarter of 2016 can be categorized as a period of
A) high inflation. 
B) low unemployment. 
C) high production. 
D) high unemployment.

Quizplus · Accepted Answer

From the table, it can be observed that the unemployment rate increased from 5.6% in Q4 2014 to 6.7% in Q1 2016. Therefore, the period from after the fourth quarter of 2014 until before the first quarter of 2016 can be categorized as a period of high unemployment.

Refer to the Information for This Hypothetical Economy Provided in Table