Answer to Question #37184 in Macroeconomics for kuna

Question #37184
you expect unemployment to tend to fall during an economy's expansionary phase and to rise during a contractionary phase.Justify your answer.
1
Expert's answer
2013-12-03T10:40:17-0500
Answer on Question#37184-Economics - Macroeconomics.

Contractionary Phase is a period in which real GDP is declining, that's why it is associated with declining inflation rates and increasing unemployment rates.
Expansionary Phase is a period in which real GDP is growing, that's why it is associated with increasing inflation rates and declining unemployment rates.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal