Real GDP is __________________ and seems to be __________________ its potential.
ID: 2496340 • Letter: R
Question
Real GDP is __________________ and seems to be __________________ its potential. (rising, falling, or stable) (above, below, equal to) The unemployment rate is __________________ and seems to be __________________ its potential. (rising, falling, or stable) (above, below, equal to) The inflation rate is ______________________. (rising, falling, or stable) Does this seem to be a good state of affairs, or something bad? ________________________. This economy appears to be experiencing ____________________________________________.
U.S. economy over the 3rd and 4th quarter of 2015.
CPI: www.bls.gov/cpi/#tables
Unemployment: data.bls.gov/timeseries/LNS14000000
Year Real GDP Unemployment CPI Real GDPpotential NAIRU 2015 Q3 $16,414.0 5.3% $16,746.0 2015 Q4 $16,470.6 5% $16,809.0Explanation / Answer
Real GDP is rising and seems to below its potential. The unemployment rate is falling and seems to be below its potential. The inflation rate is stable. It seems to be a good state of affairs. The economy appears to be experiencing positive growth.
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