Approximate the Numbers and Place the Correct Symbol (< or >)

question 20

Multiple Choice

Approximate the numbers and place the correct symbol (< or >) between them.

• A)-1.5 < -1
• B)-1.5 > 0
• C)-1.5 < 0
• D)-1.5 < 1
• E)-1.5 > 1

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Definitions:

Contractionary Monetary Policy

Monetary policy measures undertaken by a central bank to reduce inflation and slow down economic growth by decreasing the money supply or increasing interest rates.

Minimum Wage

The lowest remuneration that employers can legally pay their workers, a rate which is set by government legislation.

Unemployment Rate

The segment of the labor force currently without employment but making efforts to find work.

Inflation Rate

The percentage increase in the general level of prices for goods and services in an economy over a period of time.