Question: Here are four industries and four forecasts for the macroeconomy. Match the industry to the scenario in which it is likely to be the best

Here are four industries and four forecasts for the macroeconomy. Match the industry to the scenario in which it is likely to be the best performer.

Industry Economic Forecast
a. Housing construction ........ (i) Deep recession: falling inflation, interest rates, and GDP
b. Health care............ (ii) Superheated economy: rapidly rising GDP, increasing inflation and interest rates

c. Gold mining........... (iii) Healthy expansion: rising GDP, mild inflation, low unemployment

d. Steel production ......... (iv) Stagflation: falling GDP, high inflation

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