Which of the following best analyzes why unemployment is expected to change in 2023?(1 point)

Question

Responses

The unemployment rate will continue to decrease as GDP is rising in 2022.
The unemployment rate will continue to decrease as GDP is rising in 2022.

Unemployment will continue to decrease due to expansionary monetary policy.
Unemployment will continue to decrease due to expansionary monetary policy.

The unemployment rate will continue to increase as GDP is decreasing in 2022.
The unemployment rate will continue to increase as GDP is decreasing in 2022.

The unemployment rate will decrease because of the COVID-19 pandemic.

Answer 1

The best analysis for why unemployment is expected to change in 2023 from the given responses is:

Unemployment will continue to decrease due to expansionary monetary policy.

This response highlights a direct relationship between monetary policy and unemployment rates, which is a common economic analysis. Expansionary monetary policy typically aims to stimulate economic growth, which can lead to job creation and a decrease in unemployment. The other options either reference past GDP trends that may not reflect the current situation or improperly attribute changes in unemployment to the COVID-19 pandemic without considering other contributing factors.