Exam 7: Unemployment and Inflation

To be considered employed, a person must have a full-time job.

The part of a business cycle that follows a peak is the:

Teenagers are usually the demographic group with the highest unemployment rates.

When the real interest rate is less than zero, then:

Underemployed workers include individuals who are employed in tasks that do not fully utilize their productive potential.

Which of the following monthly data series is closely observed by the Business Cycle Dating Committee of the NBER?

If the average price level in 2002 was 1.25 relative to the base year in 1992, then:

The official dating of recessions in the United States is the responsibility of the:

Which of the following is true of seasonal unemployment?

Which of the following would tend to increase the natural unemployment rate?

Which of the following persons would be considered unemployed?

The table given below lists the average price level in a country for four consecutive years. -Refer to Table 7.2. What was the purchasing power of the dollar in 1995 relative to the base year 1992?

If the nominal interest rate is 6.3 percent and the inflation rate is 7.2 percent, then the real interest rate equals:

Unemployment data in the U.S. are published by the:

In the 1990s, the unemployment rates in the U.S. were higher than that in the European nations.

The figure given below represents the business cycle of an economy.?Figure 7.1 -Refer to Figure 7.1. At point D, lagging economic indicators should show that:

Hyperinflation is usually accompanied by a great macroeconomic expansion.

In the official labor statistics, discouraged workers are:

Mortgages with variable interest rates:

When government provides generous unemployment benefits, unemployed workers have lesser incentives to look for jobs.