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Chapter 28 (A)

Authored by Hằng Nguyễn

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Chapter 28 (A)
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60 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

1. The natural rate of unemployment is the

A.unemployment rate that would prevail with zero inflation.
B.rate associated with the highest possible level of GDP.
C. difference between the long-run and short-run unemployment rates.
D.amount of unemployment that the economy normally experiences.

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

2. Cyclical unemployment refers to

A.the relation between the probability of unemployment and a worker’s changing level of experience.
B.how often a worker is likely to be employed during her lifetime
C. year-to-year fluctuations of unemployment around its natural rate.
D.long-term trends in unemployment.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

3. Cyclical unemployment is closely associated with

A.long-term economic growth.
B.short-run ups and downs of the economy.
C. fluctuations in the natural rate of unemployment.
D.seasonal fluctuations in spending.

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

4. The natural rate of unemployment

A.is a constant.
B.is the desirable rate of unemployment.
C. cannot be altered by economic policy.
D.None of the above are correct.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

5. Which of the following is correct?

A.Some degree of unemployment is inevitable.
B.Other things the same an increase in the number of people who are unemployed decreases real GDP.
C. Cyclical unemployment is inversely related to short-run economic fluctuations.
D.All of the above are correct.

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

6. Data on unemployment is reported

A.weekly.
B.monthly.
C. quarterly.
D.yearly.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

7. The BLS produces data on

A.unemployment.
B.types of employment.
C. length of the average workweek.
D.All of the above are correct.

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