Which of the Following Statements Is True

question 90

Multiple Choice

Which of the following statements is true?

• A) As an economy experiences growth in GDP, the rate of unemployment is expected to decrease.
• B) As an economy experiences growth in GDP, the rate of unemployment is expected to increase.
• C) The unemployment rate in a country always remains constant.
• D) The unemployment rate in a country is not correlated with the level of economic activity in the country.

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Definitions:

Lack of Capacity

A legal term referring to an individual's inability to enter into a contract due to mental incompetence or age.

Duress

Unlawful pressure exerted upon a person to coerce them into an action against their will, often making a contract voidable.

Undue Influence

An unfair manipulation by one person over another, often leading the influenced party to make decisions that are not in their best interest.

Affirming Contract

The act of formally agreeing to the terms of a contract, thereby making it legally binding.