Darda: No Need to Obsess About Too Low Unemployment Rate
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Business, Social Studies, Life Skills
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the U6 unemployment rate?
The rate including part-time workers seeking full-time jobs and discouraged workers
The rate of unemployed individuals actively seeking jobs
The rate of employment among prime age individuals
The rate of inflation in the economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the prime age employment-to-population ratio important?
It indicates the level of inflation in the economy
It measures the overall unemployment rate
It reflects the number of discouraged workers
It shows the employment level of individuals aged 25 to 54
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential consequence of not raising interest rates in December?
Decreased political acceptability
Increased productivity
Lower unemployment rates
Higher nominal growth and inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the minimum nominal growth rate considered politically acceptable by the Fed?
5%
4%
3%
2%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might the Fed hope to achieve by allowing nominal growth to be slightly above 3%?
Decrease in unemployment
Improvement in productivity
Reduction in interest rates
Increase in inflation
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