Economic benefits in a current economy

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Reference no: EM138675

Q. Inflation and Unemployment

a) Explain your answer why are inflation and unemployment often viewed as the key dare opposite an economy?

b) Explain why Gross Domestic Product (GDP) is often criticized as appraise of economic activity.

c) What indicators may suggest an economy which is heading toward a recession?

d) Converse alternatives to GDP as a measure of economic benefits in a current economy?

Reference no: EM138675

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