The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect:

Question

Nathanael Garrison

Business

21 April, 21:41

The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect:

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Answers (1)

Know the Answer?

Jeremy Reynolds · Answer 1

The correct answer is (b)

Explanation:

The unemployment rate is a macroeconomic indicator that explains the current situation of the economy. It is a share of the labour force that is jobless. If the unemployment rate is higher than unanticipated the overall prices generally go down that leads to a decrease in the stock prices. A high unemployment rate leads to a decrease in overall purchasing power.