9. Here are four industries and four forecasts for the macroeconomy. Match the industry to the scenario
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9. 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
c. Gold mining (ii) Superheated economy: rapidly rising GDP, increasing inflation and interest rates
d. Steel production (iii) Healthy expansion: rising GDP, mild inflation, low unemployment (iv) Stagflation: falling GDP, high inflation
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