C5 : SET 5 - UNEMPLOYMENT AND INFLATION

C5 : SET 5 - UNEMPLOYMENT AND INFLATION

University

8 Qs

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C5 : SET 5 - UNEMPLOYMENT AND INFLATION

C5 : SET 5 - UNEMPLOYMENT AND INFLATION

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EJA HAMID

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8 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Recovery phase of the business cycle is when real GDP reaches its minimum after rising.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Structural unemployment is when an individual fails to get a job due to skill matching problem.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Seasonal unemployment is experienced by a university graduate who is intensively searching for a job.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Cyclical unemployment exists when excessive government spending causes the general price level to increase.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Demand pull inflation occurs when aggregate demand exceeds the aggregate supply.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Cost push inflation refers to a decrease in the general price level associated with the decreases in the cost of production.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Cost push inflation is the result of the buyers‟ activities.

TRUE

FALSE

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Inflation is giving an advantage to fixed income earner and retirees.

TRUE

FALSE