Exam 9: Unemployment and Inflation

Discouraged workers are

If the number of unemployed workers is 19 million,the number in the working-age population is 500 million,and the unemployment rate is 4%,how many workers are in the labor force?

Paying efficiency wages are a way for a company to cut costs and become more efficient,and are therefore lower than market wages.

Which of the following is the smallest portion of the market basket of goods that makes up the CPI?

Which of the following individuals would be most negatively affected by anticipated inflation?

Suppose you obtain a fixed rate mortgage during a period of relatively high inflation.During the next ten years,inflation falls.Are you a winner or a loser due to inflation? Explain why.

Which of the following describes actual trends in the U.S.labor force participation rate?

During the recession of 2007-2009,the unemployment rate in the United States was

Which of the following is an example of a worker experiencing frictional unemployment?

Table 20-9 -Refer to Table 20-9.Looking at the table above,what is the rate of growth of real average hourly earnings from 2010 to 2011?

Mike has been unemployed for over a year.He hasn't looked for a job in the last three months,but he's just started looking for work again.Because Mike started looking for a new job,

Table 20-10 -Refer to Table 20-10.Looking at the table above,what is the rate of growth of the average price level from 2010 to 2011?

The costs to firms of changing prices are called

Labor unions cause unemployment because the union contract wage is set

What impact would including members of the military in employment,labor force,and working-age population statistics have on the unemployment rate and the labor force participation rate?

The household survey is compiled from firms who answer questions about the number of persons who are employed and on the company payroll.

The recession of 2007-2009 and its aftermath had different effects on various sectors of the economy.In August 2011,the overall unemployment rate in the United States was 9.1 percent.Which of the following sectors of the U.S.economy had a much lower unemployment rate than 9.1 percent in August 2011?

When an economy is at its natural rate of unemployment,which of the following will be true?

You lend $5,000 to a friend for one year at a nominal interest rate of 10%.The CPI over that year rises from 180 to 190.What is the real rate of interest you will earn?

Inflation redistributes income to a greater extent when the inflation is unanticipated compared to when the inflation is anticipated.