Economics 9708 · AS & A Level · Market failure

Market failure — practice question

The table presents inflation rates, unemployment rates and changes in money wage rates for a number of countries in 2008 and 2009. What conclusion can be drawn from the table?

  • AOn average, those in employment in the UK had an increase in real incomes.
  • BThe same number of people were unemployed in the US and France.
  • CThe same product would have the same price in France and Germany.
  • DUnemployment was highest where inflation was highest.

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