Why do economists look at unemployment statistics?

a. Because unemployment statistics are a measure of the condition of the economy

b. Because unemployment statistics can determine whether the country is in a period of inflation

c. Because unemployment statistics can predict whether the price of stocks will increase

d. Because unemployment statistics are an indicator of the deflation rate of currency

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Skyla Byrd

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Today, 04:21

Why do economists look at unemployment statistics?

a. Because unemployment statistics are a measure of the condition of the economy

b. Because unemployment statistics can determine whether the country is in a period of inflation

c. Because unemployment statistics can predict whether the price of stocks will increase

d. Because unemployment statistics are an indicator of the deflation rate of currency

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Austin Alexander · Answer 1

The main reason why economists look at unemployment statistics is " a. Because unemployment statistics are a measure of the condition of the economy" but of course this is not the only measure.