Exam 7: The Macroeconomy: Unemployment, Inflation, and Deflation

Assuming there are 200 million people employed in the United States and 5 million people unemployed, the unemployment rate would therefore approximately equal

Corrina just graduated from college, is unemployed, and looking for her first real job. This is an example of

You receive a five percent raise in your hourly wage. The inflation rate is four percent. Your purchasing power has

One major reason that economists are concerned about unemployment is that

Increases in the duration of unemployment may

By definition, the labor force participation rate is

Which federal agency publishes the United States' unemployment figures?

What is unemployment and what is the unemployment rate? What are the costs of unemployment?

An example of a cyclically unemployed individual is

Full employment is not zero unemployment because

Last year you purchased 20 CDs at $12 a piece, 10 shirts at $15 each, and 5 sweaters at $30 each (total spending equals $540). This year you buy 18 CDs at $15 each, 10 shirts at $16 each, and 6 sweaters at $36 each (total spending equals $640). If last year's index was 100, this year's index

The CPI tends to overstate the true inflation rate because

Which of the following statements is correct?

After completing college, John Smith spent two months looking for a job. During this period he would be classified as

During a period of unanticipated inflation, the group that is most likely to benefit is

By the legal definition of unemployment, a person who has quit his job to take care of his children full time is

The value of your money income, in terms of buying goods and services, is referred to as your money's

The labor force is defined as

Jasime voluntarily quit her job and is now searching for a new position. Jasime is classified as a

A war in the Middle East that disrupts U.S. economic activity is known as