Econ 225-0 Test 3

Econ 225-0 Test 3

University

34 Qs

quiz-placeholder

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Econ 225-0 Test 3

Econ 225-0 Test 3

Assessment

Quiz

Other

University

Easy

Created by

Aniya Pough

Used 8+ times

FREE Resource

34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An electrician who quits his job in Georgia and moves to South Carolina where additional electricians needed and paid higher wage rate is said to be:


Structurally unemployed.

Cyclically unemployed.

Seasonal unemployed.

Frictionally unemployed.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following types of unemployment is most likely to occur when the harvest season is just over?


Structurally unemployed.

Cyclically unemployed.

Seasonal unemployed.

Frictionally unemployed.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GM auto workers who lose their jobs because of import cars, but at the same time they do not have the necessary computer skills to fill up the vacancies exist for computer programmers. In this case, the GM auto workers are an example of:


Cyclically unemployed.

Structurally unemployed.

Frictionally unemployed.

Cyclically unemployed.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the population of Paradise Island is 400,000 people, if its labor force consists of 250,000, and if 240,000 people are employed, theh what is its unemployment rate?


2.5%.


4%.


4.5%.


4.75%.


5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Matt loses his job and collects unemployment insurance until finding a new job. Other things the same, the unemployment rate


Increases, and the labor-force participation rate is unaffected.

Increases, and the labor-force participation rate decreases.

Decreases, and the labor-force participation rate decreases.

Decreases, and the labor-force participation rate increases.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What of the following is likely to occur during a period of deflation:

Both relative prices and average prices are rising.

Average prices are falling, but it is not certain what is happening to relative prices. de!

Average prices are rising, but it is not certain what is happening to relative prices.

Relative prices are rising, but it is not certain what is happening to average prices.


7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the CPI had a value of 120 in 2001 and if 2000 is selected as the base year, what is the inflation rate between 2000 to 2001?

.


10%.

15%.

20%.

25%

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