Responses
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 decrease as GDP is rising in 2022.
The unemployment rate will continue to decrease as GDP is rising in 2022.
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.
1 answer
The best analysis of why unemployment is expected to change in 2023 from the provided options is:
The unemployment rate will continue to decrease as GDP is rising in 2022.
This response is grounded in the economic principle that generally, as GDP rises, businesses expand, resulting in increased hiring and hence a decrease in unemployment. Expanding economic growth typically leads to lower unemployment rates.
