An unemployment rates and interest rates are connected through the demand level in the econonmy
Basically, the unemployment rate tells the level of unemployment in a year while the interest rate entails the rate at which interest will be repaid with principal (loan).
Usually, the lower interest rates will lead to high demand in the economy thus, leading to higher employment demand.
But if there is higher interest rate, demand can be reduced thus, leading to inflation which can reduce employment demand.
In conclusion, an unemployment rates and interest rates are connected through the demand level in the economy.
Read more about unemployment rates
brainly.com/question/13729442
There is inverse relationship between interest rates and unemployment rates.
The unemployment rates and interest rates are connected to each other because increase in interest rate leads to the decrease in employment in a country. Increasing interest rates causes rise in unemployment rates and reduces inflation
While on the other hand, decreasing interest rates leads to reduction of unemployment and raises inflation so we can conclude that there is inverse relationship between interest rates and unemployment rates.
Learn more about interest rates here: https://brainly.com/question/3724002
Learn more: https://brainly.com/question/25898239
