
Unemployment and inflation
Quiz
•
Social Studies
•
University
•
Hard
sasitharan manokaran
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A labor force of 20 million people has 18.5 million people employed. Find the unemployment rate.
10%
8.5%
7.5%
6%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Discouraged workers in
the economy implies that the measurement of unemployment...
understates the true unemployment rate
overstates the true unemployment rate
correctly measures the true unemployment rate
doubles the unemployment rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If operators are fired and replaced with computer technology, the operators would be considered
frictionally unemployed
structurally unemployed
cyclically unemployed
dissatisfiededly unemployed dissatisfiededly unemployed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is true of an economy at its "natural
rate of unemployment"?
Everyone who wants to work is working
The economy is producing at its potential
The economy is only experiencing cyclical unemployment
The economy is producing beyond the PPF The economy is producing beyond the PPF
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If actual GDP is less than potential GDP...
Actual unemployment exceeds the natural unemployment rate
Actual unemployment rate is less than the natural rate
No cyclical unemployment is present
Hyperinflation is present Hyperinflation is present
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cyclical unemployment
Describes recent college graduates
Lasts longer than 6 months
Describes employees moving from one job to another
Increases inflation Increases inflation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Seasonal unemployment
Describes recent college graduates
Is predictable
Is a result of changes in technology
Slows the economy Slows the economy
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