Exam 9: B: Business Cycles, Unemployment, and Inflation

If Ernie's annual real income rises by 8 percent each year, his annual real income will double in about:

Cost-push inflation could be explained by:

If the Consumer Price index rises from 300 to 333 in a particular year, the rate of inflation in that year is:

Given the annual rate of inflation, the "rule of 70" allows one to:

During a serious recession we would expect output to fall the most in:

Generally speaking, output and employment are more variable over the business cycle in capital goods and consumer durable industries than they are in service and nondurable consumer goods sector.

To limit the loss of purchasing power from inflation:

Canada's economy is considered to be at "full employment" when:

With no inflation, a bank would be willing to lend a business firm $5 million at an annual interest rate of 6%.But, if the rate of inflation was anticipated to be 4%, the bank would most likely charge the firm an annual interest rate of:

During the Great Recession of 2008 - 2009 in Canada:

A mismatch between the geographic location of workers and the location of job openings would result in what type of unemployment?

Which of the following is not correct?

Unemployment involving a mismatch of the skills of unemployed workers and the skills required for available jobs is called:

The official unemployment rate:

Demand-pull inflation:

Which of the following is the phase that follows the trough of a business cycle?

Unemployment that occurs when there is a decline in total spending is called:

Structural unemployment:

Which of the following formulas is correct? Percentage change in:

People who work part time, but desire to work full time, are considered to be officially unemployed.