Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

true or false no need to justify -CPI is a better indicator of inflation than the GDP deflator -Lower interest rates would stimulate consumption and

true or false no need to justify -CPI is a better indicator of inflation than the GDP deflator -Lower interest rates would stimulate consumption and investment, thereby stimulating economic activity -Structural unemployment is unemployment caused by the slowdown or decline in economic activity. -If my salary increases by 2% while inflation is 2.5%, then my salary will have decreased in real terms. -Changes in GDP are primarily determined by demand factors. -All other things being equal, if the number of discouraged workers increases, the unemployment rate will decrease. -The Human Development Index (HDI) is a more comprehensive measure of living standards than GDP per capita because it includes estimates of life expectancy and educational attainment in a country. -An increase in the number of part-time jobs increases unemployment. Technological unemployment can be seen as a type of structural unemployment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

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

Microeconomics Principles For A Changing World

Authors: Eric Chiang

4th Edition

1464186677, 978-1464186677

More Books

Students also viewed these Economics questions

Question

Explain the term cursor. AppendixLO1

Answered: 1 week ago

Question

Explain the causes of indiscipline.

Answered: 1 week ago