Question 1

Jack just received a promotion at work and now works 50 hours per week instead of 35.As a result,

Accepted Answer

A)  the unemployment rate increased. 
B)  the unemployment rate decreased. 
C)  the labor force participation rate increased. 
D)  neither the unemployment rate nor the labor force participation rate changed. 
A)  the unemployment rate increased. 
B)  the unemployment rate decreased. 
C)  the labor force participation rate increased. 
D)  neither the unemployment rate nor the labor force participation rate changed.

Question 2

Table 20-11
  
-Refer to Table 20-11.Using the above table,calculate real average hourly earnings for 2009,2010,and 2011.Calculate the rate of growth of real average hourly earnings from 2010 to 2011.

Accepted Answer

Real average hourly earnings in 2009 are

Question 3

Suppose 180,000 people are employed,20,000 people are unemployed,the working-age population is 250,000,and 50,000 people are out of the labor force.Calculate the unemployment rate.

Accepted Answer

The unemployment rate is calculated as:

Question 4

The natural rate of unemployment is made up of

Accepted Answer

A)  frictional, cyclical, and structural unemployment. 
B)  frictional and cyclical unemployment. 
C)  cyclical and structural unemployment. 
D)  frictional and structural unemployment. 
E)  seasonal and structural unemployment. 
A)  frictional, cyclical, and structural unemployment. 
B)  frictional and cyclical unemployment. 
C)  cyclical and structural unemployment. 
D)  frictional and structural unemployment. 
E)  seasonal and structural unemployment.

Question 5

The CPI in 2010 was 218,while the CPI in 1980 was 82.If you had $5,000 in 1980,its equivalent purchasing power in 2008 would be $10,850.

Accepted Answer

A) True 
 B)False

Question 6

If the number of unemployed workers is 200 million,and the number in the labor force is 500 million,what is the unemployment rate?

Accepted Answer

A)  0.4% 
B)  4% 
C)  14% 
D)  40% 
A)  0.4% 
B)  4% 
C)  14% 
D)  40%

Question 7

If the CPI changes from 125 to 120 between 2010 and 2011,how did prices change between 2010 and 2011?

Accepted Answer

A)  Prices increased by 5%. 
B)  Prices decreased by 5% 
C)  Prices increased by 25%. 
D)  Prices decreased by 4%. 
A)  Prices increased by 5%. 
B)  Prices decreased by 5% 
C)  Prices increased by 25%. 
D)  Prices decreased by 4%.

Question 8

If inflation is completely anticipated,

Accepted Answer

A)  no one loses in the economy. 
B)  borrowers lose in the economy. 
C)  lenders lose in the economy. 
D)  firms lose because they incur menu costs. 
A)  no one loses in the economy. 
B)  borrowers lose in the economy. 
C)  lenders lose in the economy. 
D)  firms lose because they incur menu costs.

Jack just received a promotion at work and now works 50 hours per week instead of 35.As a result,

Table 20-11 -Refer to Table 20-11.Using the above table,calculate real average hourly earnings for 2009,2010,and 2011.Calculate the rate of growth of real average hourly earnings from 2010 to 2011.

Suppose 180,000 people are employed,20,000 people are unemployed,the working-age population is 250,000,and 50,000 people are out of the labor force.Calculate the unemployment rate.

The natural rate of unemployment is made up of

The CPI in 2010 was 218,while the CPI in 1980 was 82.If you had $5,000 in 1980,its equivalent purchasing power in 2008 would be $10,850.

If the number of unemployed workers is 200 million,and the number in the labor force is 500 million,what is the unemployment rate?

If the CPI changes from 125 to 120 between 2010 and 2011,how did prices change between 2010 and 2011?

If inflation is completely anticipated,

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Gdp: Measuring Total Production and Income

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

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Exam 9: Unemployment and Inflation

Jack just received a promotion at work and now works 50 hours per week instead of 35.As a result,

Table 20-11 -Refer to Table 20-11.Using the above table,calculate real average hourly earnings for 2009,2010,and 2011.Calculate the rate of growth of real average hourly earnings from 2010 to 2011.

Suppose 180,000 people are employed,20,000 people are unemployed,the working-age population is 250,000,and 50,000 people are out of the labor force.Calculate the unemployment rate.

The natural rate of unemployment is made up of

The CPI in 2010 was 218,while the CPI in 1980 was 82.If you had $5,000 in 1980,its equivalent purchasing power in 2008 would be $10,850.

If the number of unemployed workers is 200 million,and the number in the labor force is 500 million,what is the unemployment rate?

If the CPI changes from 125 to 120 between 2010 and 2011,how did prices change between 2010 and 2011?

If inflation is completely anticipated,

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Gdp: Measuring Total Production and Income

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters