Exam 7: Unemployment and Inflation.

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During one month, the U.S. economy added 290,000 jobs and the unemployment rate still increased from 9.7 percent to 9.9 percent. Which of the following best explains this situation?

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Recently, banking has become easier, with automated teller machines replacing bank tellers. The loss of tellers' jobs is an example of _____

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The impact of _____ unemployment is removed from official monthly unemployment figures.

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The official unemployment rate would be higher if it included the existence of hidden unemployment or individuals who are _____

(Multiple Choice)
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Which of the following statements is true of unemployment?

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In an economy, U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults not in the labor force. The labor force participation rate in the economy is equal to _____

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If the inflation rate in an economy is higher than expected, which of the following groups in the society would be most likely to gain?

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The higher the anticipated inflation rate, _____

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Unemployment arising from a mismatch of skills is called _____

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You would rather be a borrower when _____

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Table 7.1 Table 7.1 Not in Labor Force Unemployed \ Employed Male Female Male Female Male Female 10 million 20 million 2 million 2 million 30 million 20 million -Refer to Table 7.1, which shows data for males and females over 16 years old in the island of Palma. What is the adult female unemployment rate?

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You would rather be a lender when _____

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What is the real interest rate if the nominal interest rate is 7 percent and the expected inflation rate is 3 percent?

(Multiple Choice)
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Suppose inflation is expected to be 5 percent next year, and you and your employer agree to a 6 percent increase in your nominal, or monetary, wage. If inflation turns out to be 6%, what is your real wage increase?

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The unemployment rate will increase whenever there is a(n) _____

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Which of the following people would be counted in the labor force?

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Which of the following is most likely to reduce structural unemployment?

(Multiple Choice)
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The type of unemployment most likely to be experienced by a touring professional golfer is _____

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The labor force in an economy consists of all _____

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The _____ unemployed are those looking for work for 27 weeks or longer.

(Multiple Choice)
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