Asked by
Raeya Moehring
on Oct 19, 2024
Verified
The average duration of unemployment is ________.
A) a leading economic indicator
B) a coincidental economic indicator
C) a lagging economic indicator
D) both a coincidental indicator and a lagging indicator
Economic Indicator
Statistical data and metrics that economists use to assess the overall health of the economy, which can include indicators like GDP growth, unemployment rates, and inflation.
Unemployment
The condition of being without a job, often measured by the unemployment rate, which is the percentage of the labor force that is jobless and seeking employment.
Leading Economic Indicator
A statistic that predicts future economic activity and trends before they occur, such as the stock market or job applications.
- Understand the relationship between the money supply, interest rates, inflation, and economic activity.
Verified Answer
AS
Learning Objectives
- Understand the relationship between the money supply, interest rates, inflation, and economic activity.