Join the IDNLearn.com community and start exploring a world of knowledge today. Our experts are available to provide in-depth and trustworthy answers to any questions you may have.
Sagot :
The relationship between employment levels and prices during economic cycles that's shown by the graph is D. As unemployment rates rise, average prices fall.
It should be noted that demand has an influence on the increase or decrease in the price of a product. In this case, an increase in demand will lead to an increase in the price of a product.
On the other hand, a reduction in demand will lead to a reduction in price. Therefore, when there's an increase in the unemployment rate, there'll be a reduction in the number of goods demanded by people and therefore, the average prices will fall.
Therefore, as unemployment rates rise, average prices fall.
Read related link on:
https://brainly.com/question/24247173
D. As unemployment rates rise, average prices fall.
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to helping you again soon.