If the Misery Index Is 12 and the Inflation Rate

question 74

Multiple Choice

If the misery index is 12 and the inflation rate is 4 percent,we can conclude

• A)The inflation rate will quickly rise by 8 percent.
• B)The unemployment rate must be 8 percent.
• C)The AD curve must be shifting to the right.
• D)Monetary policy is not succeeding at keeping inflation low.

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Definitions:

Social Clock

A societal concept referring to the culturally preferred timing of major life events, such as marriage, parenthood, and retirement.

Typical Ages

Refer to the average or most common ages at which specific milestones or behaviors are expected to occur in the development of humans.

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals in a professional or vocational context.

Marrying

The act of entering into a legally recognized union with another individual, typically in a ceremony called a wedding.