CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

Which statement about the unemployment rate is true?

I. If the unemployment rate is rising, it indicates that the economy has been doing poorly.
II. The unemployment rate can continue to rise even after the economy has started to recover.
Correct Answer: Both statements are true.

The unemployment rate is a lagging indicator. It is a powerful confirmation of what the other indicators are already showing.

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