Unemployment and inflation

Unemployment and inflation

University

25 Qs

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Unemployment and inflation

Unemployment and inflation

Assessment

Quiz

Social Studies

University

Hard

Created by

sasitharan manokaran

Used 15+ times

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25 questions

Show all answers

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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