How is GDP affected by inflation 2024?
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Works at the International Telecommunication Union, Lives in Geneva, Switzerland.
When the economy is healthy, there is usually low unemployment and wage increases, as businesses demand labor to meet the growing economy. However, if the GDP growth rate is speeding up too fast, the Federal Reserve may raise interest rates to stem inflation--or the rising of prices for good and services.
2023-05-17 11:15:20
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When the economy is healthy, there is usually low unemployment and wage increases, as businesses demand labor to meet the growing economy. However, if the GDP growth rate is speeding up too fast, the Federal Reserve may raise interest rates to stem inflation--or the rising of prices for good and services.
