Asked by Milano Irvin on May 03, 2024
Verified
Closely watched indicators such as the inflation rate and unemployment are released each month by the
A) Bureau of the Budget.
B) Bureau of Labor Statistics.
C) Department of the Treasury.
D) President's Council of Economic Advisors.
Bureau of Labor Statistics
A unit of the United States Department of Labor, which is responsible for collecting, processing, and disseminating statistical data on labor economics.
Unemployment
The situation in which individuals who are capable of working and are actively seeking employment are unable to find a job.
- Unpack the relationship between the Phillips curve, inflation rate, and unemployment rate, delving into the concept of the natural rate of unemployment.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
B
Explanation :
The Bureau of Labor Statistics is responsible for releasing important economic indicators such as the inflation rate and unemployment figures.
Learning Objectives
- Unpack the relationship between the Phillips curve, inflation rate, and unemployment rate, delving into the concept of the natural rate of unemployment.