Question 1

When the unemployment rate equals the natural unemployment rate, most likely the economy is producing

Accepted Answer

A)  on the production possibilities frontier. 
B)  within the production possibilities frontier. 
C)  beyond the production possibilities frontier. 
D)  either on or within the production possibilities frontier. 
E)  either on or beyond the production possibilities frontier. 
A)  on the production possibilities frontier. 
B)  within the production possibilities frontier. 
C)  beyond the production possibilities frontier. 
D)  either on or within the production possibilities frontier. 
E)  either on or beyond the production possibilities frontier.

Question 2

At full employment there still exists some unemployment because

Accepted Answer

A)  some portion of our population will always be too lazy to work. 
B)  there are always people too old or young to be in the labor force. 
C)  the U.S.economy is constantly creating and destroying jobs. 
D)  it is unnatural to have all people work 40 hours per week. 
E)  real GDP can never exceed potential GDP. 
A)  some portion of our population will always be too lazy to work. 
B)  there are always people too old or young to be in the labor force. 
C)  the U.S.economy is constantly creating and destroying jobs. 
D)  it is unnatural to have all people work 40 hours per week. 
E)  real GDP can never exceed potential GDP.

Question 3

The total U.S.labor force participation rate increased over the past 50 years because

Accepted Answer

A)  the female labor force participation rate increased. 
B)  more men are retiring early. 
C)  fewer women are attending college. 
D)  many blue-collar jobs with rigid work hours have been created in the last decade. 
E)  the male labor force participation rate increased. 
A)  the female labor force participation rate increased. 
B)  more men are retiring early. 
C)  fewer women are attending college. 
D)  many blue-collar jobs with rigid work hours have been created in the last decade. 
E)  the male labor force participation rate increased.

When the unemployment rate equals the natural unemployment rate, most likely the economy is producing

At full employment there still exists some unemployment because

The total U.S.labor force participation rate increased over the past 50 years because

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and the Natural Unemployment Rate

Economic Growth

Finance, Saving, and Investment

The Monetary System

Money, Interest, and Inflation

Aggregate Supply and Aggregate Demand

Aggregate Expenditure Multiplier

The Short-Run Policy Tradeoff

Fiscal Policy

Monetary Policy

International Trade Policy

International Finance

Filters

Exam 6: Jobs and Unemployment

When the unemployment rate equals the natural unemployment rate, most likely the economy is producing

At full employment there still exists some unemployment because

The total U.S.labor force participation rate increased over the past 50 years because

Getting Started

The Usand Global Economies

The Economic Problem

Demand and Supply

Gdp: a Measure of Total Production and Income

The Cpi and the Cost of Living

Potential Gdp and the Natural Unemployment Rate

Economic Growth

Finance, Saving, and Investment

The Monetary System

Money, Interest, and Inflation

Aggregate Supply and Aggregate Demand

Aggregate Expenditure Multiplier

The Short-Run Policy Tradeoff

Fiscal Policy

Monetary Policy

International Trade Policy

International Finance

Filters