Here are four industries and four forecasts for the macroeconomy. Match the industry to the scenario in
Question:
Industry Economic Forecast
a. Housing construction ........ (i) Deep recession: falling inflation, interest rates, and GDP
b. Health care............ (ii) Superheated economy: rapidly rising GDP, increasing inflation and interest rates
c. Gold mining........... (iii) Healthy expansion: rising GDP, mild inflation, low unemployment
d. Steel production ......... (iv) Stagflation: falling GDP, high inflation
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