Asked by Yamile Espinosa on Jul 29, 2024
Verified
The _____ the unemployment rate and the _____ the rate of inflation,the higher the misery index.
A) higher;higher
B) lower;lower
C) higher;lower
D) lower;higher
Misery Index
An economic indicator created by adding the unemployment rate to the inflation rate, meant to represent the average citizen's economic well-being.
Unemployment Rate
The segment of the labor force that is currently jobless and engaging in job-seeking activities.
- Familiarize oneself with the concept and repercussions of inflation and disinflation.
- Acquire insight into how unemployment rates correlate with economic environments.
Verified Answer
MR
Maricel RodriguezJul 31, 2024
Final Answer :
A
Explanation :
The misery index is calculated by adding the unemployment rate and the inflation rate. Therefore, the higher the unemployment rate and the higher the rate of inflation, the higher the misery index. This is reflected in choice A - higher unemployment rate and higher inflation rate.
Learning Objectives
- Familiarize oneself with the concept and repercussions of inflation and disinflation.
- Acquire insight into how unemployment rates correlate with economic environments.