what is the problem in a contractionary phase? * unemployment growth inflation which form of gdp uses a…

what is the problem in a contractionary phase? * unemployment growth inflation which form of gdp uses a constant dollar rather than whatever the current dollars are? this avoids inflation from being measured too. nominal real unreal literal

what is the problem in a contractionary phase? * unemployment growth inflation which form of gdp uses a constant dollar rather than whatever the current dollars are? this avoids inflation from being measured too. nominal real unreal literal

Answer

Brief Explanations:

In a contractionary phase of the business - cycle, economic activity slows down. Firms reduce production, leading to job losses and unemployment. Real GDP is adjusted for inflation using constant dollars, while nominal GDP uses current - year dollars.

Answer:

  1. unemployment
  2. real