Exam 6: The Goals of Macroeconomic Policy

The fastest growing economy between 1870 and 1979 was

The reduction of structural unemployment in the United States' economy may require

Policy makers should manage aggregate demand so that it grows in line with the economy's capacity to produce.This task is the realm of

Unemployment insurance benefits the macroeconomy by supporting purchasing power.

As inflation rates increase,shoppers will be forced to

Changes in relative prices during inflationary periods usually lead to

From 1991 to 2008,the rate of inflation in the U.S.has been

The unemployment rate is the number of unemployed people,expressed as

A new technological innovation would increase

The principal benefit of unemployment insurance is that it

The United States has never suffered through periods of hyperinflation in its history.

In the contemporary United States,labor productivity has been growing at approximately

If you as a lender want an increase in purchasing power of 4 percent from making a loan and you set the nominal interest rate at 9 percent,then your

The principal effect of unemployment insurance on the entire U.S.economy is

Paying into a pension fund while you are earning wages and salaries is equivalent to

Environmentalists worry that economic growth imposes costs on society.Among these costs are

Which of the following groups would have the highest unemployment rates?

Full employment implies which of the following is reduced to zero?

Gladys agrees to lend Kay $1,000 for one year at a nominal rate of interest of 5 percent.At the end of the year prices have actually risen by 7 percent.

The growth rate in potential GDP is equal to the growth rate in the population.