Exam 9: Unemployment and Inflation

Fill in the missing values in the table of data collected in the household survey for November,2009.The working-age population,employment,unemployment,and labor force are measured in thousands.Show your work.

For the last few decades,the labor force participation rates of men have ________,and the labor force participation rates of women have ________.

Sarah is a full-time student who is not looking for work.What kind of unemployment is Sarah experiencing?

Table 9-19 -Refer to Table 9-19.Looking at the table above,what is the rate of growth of the average price level from 2017 to 2018?

Unemployment arising from a persistent mismatch between the skills and characteristics of workers and the requirements of jobs is called

What are menu costs?

Table 9-13 -Refer to Table 9-13.Consider a simple economy that produces only three products: tacos,earplugs,and toothbrushes.Use the information in the table to calculate the inflation rate for 2018,as measured by the consumer price index.

Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed,the BLS estimates the unemployment rate in April 2017 would have ________ compared to the measured unemployment rate.

The inflation rate measures the average prices of goods and services in the economy.

The labor force participation rate is defined as

To reduce the bias in the consumer price index,the Bureau of Labor Statistics

Which of the following is true about the consumer price index?

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

Which of the following policies would reduce frictional unemployment?

Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment,but are actively looking for employment; and 10 would like employment but do not have employment and are not actively looking for employment.The official unemployment rate as calculated by the U.S.Bureau of Labor would equal

Table 9-17 -Refer to Table 9-17.Looking at the table above,real average hourly earnings between 2017 and 2018 changed by

The Bureau of Labor Statistics would categorize a retiree who is not working as

Table 9-19 -Refer to Table 9-19.Looking at the table above,what is the rate of growth of the average price level from 2016 to 2017?

Which of the following would be the best measure of the cost of living?

In 2006,before the start of the recession,the employment-population ratio was 63.4 percent.In April 2017,more than six years after the end of the recession,the ratio