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

Waiting for employment and "searching for employment" are both types of:

Which phase of the business cycle would be most closely associated with an economic contraction?

The national unemployment rate in Canada:

The unemployment rate in an economy is 7.5 percent.The total population of the economy is 250 million and the size of the civilian labour force is 180 million.The number of employed workers in this economy is:

Suppose the nominal annual interest rate on a two year loan is 16 percent and lenders expect inflation to be 10 percent in each of the two years.The annual real rate of interest is:

When a group of workers find that their job skills and work experience have become obsolete and are not needed by industry, this type of unemployment is:

If the actual GDP is less than potential GDP:

Unanticipated inflation benefits creditors and savers.

Assuming the total population is 100 million, the civilian labour force is 50 million, and 47 million workers are employed, the unemployment rate:

Unanticipated inflation:

Inflation initiated by increases in wages or other resource prices is labelled:

Compared to the United States, Canada's recent unemployment rate has been:

The natural rate of unemployment:

During 1993-1994, Democratic Republic of Congo has experienced an inflation rate of more than sixty-nine thousand percent per year.This economic condition would best be described as:

Depression means idleness.And idleness means loss of skills, loss of self-respect, plummeting morale, family disintegration, and sociopolitical unrest.This quote describes some of the:

Cyclical unemployment is a consequence of:

Unanticipated inflation benefits some groups in the economy.

Which of the following constitute the unemployment occurring when the natural rate of unemployment exists?

The following information is about a hypothetical economy: Full-time employed = 80 Part-time employed = 25 Unemployed = 15 Discouraged workers = 5 Members of underground economy = 6 Consumer Price Index = 110 Refer to the above information.The unemployment rate is:

If the price level doubles in a 23-year period, we can conclude that the average annual rate of inflation over that period was about 3 percent.