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Which one of the following descriptions of inflation is accu

Paper help Economics Which one of the following descriptions of inflation is accu

Economics

Which one of the following descriptions of inflation is accu

Which one of the following descriptions of inflation is accurat… Show more Can some1 answer quickly please? 1. Which one of the following descriptions of inflation is accurate? Answer When there is inflation, the prices of all goods and services are rising. When there is inflation, it almost always accelerates until it becomes a hyperinflation. Once inflation sets in, it is almost impossible to bring under control. While a little inflation is good for business, a high rate of inflation is bad for business. 2. e know a recession is definitely over when Answer output rises. output has reached the level of the previous peak. the unemployment rate begins to decline. the consumer confidence index rises. the index of leading economic indicators rises. 3. A computerized job bank would tend to lower ______ unemployment. Answer frictional seasonal cyclical structural 4. Each of the following is a leading economic indicator except Answer average workweek of production workers in manufacturing. new orders for capital goods. the unemployment rate. new building permits issued. 5. Which statement about the computation of the unemployment rate is false? Answer The unemployed are over counted because people collecting unemployment benefits, who are not necessarily looking for work, are counted as unemployed when they report to a state employment office. The unemployed are under counted because those who want to work, but have given up looking (the discouraged workers), are not counted as unemployed. The unemployed are under counted because if you are currently out of work, but did work even one day during that month, you are counted as employed. The unemployed are under counted because only those are collecting unemployment insurance benefits are counted as unemployed. 6. We know a recession is definitely over when Answer output rises. output has reached the level of the previous peak. the unemployment rate begins to decline. the consumer confidence index rises. the index of leading economic indicators rises. • Show less

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