Assume an Economy Experiences,for a Given Period,a 4% Increase in Output

question 36

Multiple Choice

Assume an economy experiences,for a given period,a 4% increase in output and a 4% increase in productivity.Given this information,we know that which of the following occurred for this economy during this period?

• A)the unemployment rate increased during this period.
• B)the unemployment rate decreased during this period.
• C)the unemployment rate did not change during this period.
• D)the effects on the unemployment rate are ambiguous.
• E)none of the above

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Definitions:

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An individual or tool that identifies, analyzes, and finds solutions to complex or challenging situations.

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Relevant or applicable to a particular matter; aptly or effectively related.

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A phenomenon demonstrating the interference in reaction time when performing a task, typically illustrated by the difficulty of naming the color of a word when the word itself is a different color.

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Activities that are performed without conscious thought or attention, typically through learned habits.