Asked by Ethan Calura on May 20, 2024
Verified
If our unemployment rate is 10 percent and our capacity utilization rate is 70 percent,our economy is in the midst of a ___________.
Capacity Utilization Rate
A measure of how much of a company's or industry's potential output is being used, often expressed as a percentage.
Unemployment Rate
The percentage of the labor force that is jobless and seeking employment, a key indicator of economic health.
- Gain insight into how rates of unemployment and the degree of capacity utilization affect economic stability.
Verified Answer
KP
Learning Objectives
- Gain insight into how rates of unemployment and the degree of capacity utilization affect economic stability.
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