Chapter 7: Economic Growth, Business Cycles, Unemployment ...

1. a. According to the White House’s figures, prices rose by 3.2% in the first quarter of 2000, while the unemployment rate, after seasonal adjustment, stood at 4.1% in March 2000. b. According to the Livingston Survey, prices were forecasted to rise by 2.9% in 2000, while the unemployment rate was to remain steady at 4.2%. c. ................
................