Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The economic growth does have a direct impact on the prevailing employment and unemployment levels in the economy. If the economic growth is at an

The economic growth does have a direct impact on the prevailing employment and unemployment levels in the economy. If the economic growth is at an incline then we would see that there would also be an incline in employment rates therefore unemployment rates being fairly low. For instance when it was "The Great Recession" there was an increase in unemployment and an extreme decline in economic growth. Employment and unemployment rates do depend on the economic growth and if one is suffering it could change both drastically. I think that it is important to understand how economic growth is measured and how it can change that could lead to employment and unemployment rates to fluctuate.


Economic growth does have a direct impact on the prevailing employment and unemployment levels but, How can I reply to this post?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Agree on the main point Start by acknowledging that economic growth and unemployment are indeed inte... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Document Format ( 2 attachments)

PDF file Icon
663d935d9cdc1_965083.pdf

180 KBs PDF File

Word file Icon
663d935d9cdc1_965083.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Economics questions