Answer these questions, first without looking anything up, that is, what do you

Question

Answer these questions, first without looking anything up, that is, what do you think based on your current knowledge. Then look up some facts and answer them again.

1. Is inflation: High, Moderate, or Low?

2. Is unemployment: High, Moderate or Low; what is the unemployment rate?

3. Are interest rates: High, Moderate, or Low?

4. Is the economy in: Growth, Stagnation, or Recession?

5. When was our most recent past recession and what caused it?

6. What one individual has the most influence over our economy and what is that person's name?

Explanation / Answer

1. Low it's around 1%

2. Moderate

  The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployedindividuals by all individuals currently in the labor force

3. Low around' 1%

4 Stagnation

5. most recent past recession is 2008 and cause of it was subprime mortgage crisis and the failure or risk of failure at major financial institutions globally, starting with the rescue of investment bank Bear Stearns in March 2008 and the failure of Lehman Brothers in September 2008.

6,Chairman of the Federal Reserve Bank and her name is Janet L. Yellen

If you don't understand any thing then comment, I'ill revert back on the same. :)

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