Exam 8: Economic Fluctuations, Unemployment, and Inflation

Terrance loses his job and immediately begins looking for another. Other things the same, the unemployment rate

Which of the following will most likely occur during the expansionary phase of a business cycle?

The labor force participation rate of women in the United States has been

In a modern dynamic economy such as the United States, full employment generally means

Potential GDP

If the official unemployment rate increases in March from its February level because of sluggish sales in the auto industry, we can conclude that ____ unemployment is responsible for the increase. (Fill in the blank)

Which of the following is a danger of high rates of inflation?

The current U.S. unemployment insurance program tends to

The best definition of inflation is

Potential output is the

Which of the following will most likely occur during the contractionary phase of a business cycle?

Which scenario will most likely happen as employers and employees increase their usage of the Internet in the job search process?

Suppose the population (age 16 and over) of the United States is 250 million; 10 million are unemployed, and 125 million hold jobs. The employment/population ratio in Cameroon is

Which of the following is a positive effect of job search and the unemployment that often accompanies it?

Camila is a homemaker. Last week, she was busy with her normal household activities. How would the Bureau of Labor Statistics classify her?

Economists use the term "business cycle" to refer to

A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in

Which of the following would be most likely to reduce the rate of unemployment?

Which of the following would be officially classified as unemployed?

When real GDP grows more slowly than potential GDP,