consider the data of the following table for the years 2015 and 2016 a
c. Was the inflation rate in 2016 to have been higher or lower than the inflation rate in 2015? Does your answer depend on whether the recession that started in December 2015 was caused by a supply shock or by a change in a component of aggregate demand? b. Real GDP is 2016 is higher than 2015, the unemployment rate increased substantially from 2015 to 2016. Why did this increase in unemployment occur? a. In 2015, Real GDP is higher than potential GDP. Explain how is this possible Consider the data of the following table for the years 2015 and 2016
*The amount will be in form of wallet points that you can redeem to pay upto 10% of the price for any assignment. **Use of solution provided by us for unfair practice like cheating will result in action from our end which may include permanent termination of the defaulter’s account.Disclaimer:The website contains certain images which are not owned by the company/ website. Such images are used for indicative purposes only and is a third-party content. All credits go to its rightful owner including its copyright owner. It is also clarified that the use of any photograph on the website including the use of any photograph of any educational institute/ university is not intended to suggest any association, relationship, or sponsorship whatsoever between the company and the said educational institute/ university. Any such use is for representative purposes only and all intellectual property rights belong to the respective owners.