Exam 5: Monitoring Jobs and Inflation
Exam 1: What Is Economics?479 Questions
Exam 2: The Economic Problem440 Questions
Exam 3: Demand and Supply515 Questions
Exam 4: Measuring GDP and Economic Growth395 Questions
Exam 5: Monitoring Jobs and Inflation407 Questions
Exam 6: Economic Growth353 Questions
Exam 7: Finance, Saving, and Investment225 Questions
Exam 8: Money, the Price Level, and Inflation578 Questions
Exam 9: The Exchange Rate and the Balance of Payments492 Questions
Exam 10: Aggregate Supply and Aggregate Demand428 Questions
Exam 11: Expenditure Multipliers469 Questions
Exam 12: The Business Cycle, Inflation, and Deflation410 Questions
Exam 13: Fiscal Policy263 Questions
Exam 14: Monetary Policy227 Questions
Exam 15: International Trade Policy200 Questions
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2012 2013
-In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the CPI in 2013?
(Multiple Choice)
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Suppose the working-age population is 150 million, the labor force is 125 million, and employment is 120 million.
a)What is the unemployment rate?
b)Now suppose that 2 million students graduate from college and begin to look for jobs. What is the new unemployment rate if none of the students have found jobs yet?
c)Suppose that all 2 million students find jobs. What is the unemployment rate now?
(Essay)
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In September 2014, the labor force participation rate fell from 62.8 percent to 62.7 percent. This change could have been caused by
(Multiple Choice)
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Which of the following is NOT included in the working-age population?
(Multiple Choice)
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Cyclical unemployment ________ during expansions and ________ during recessions.
(Multiple Choice)
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Marginally attached workers fall into which of the following population categories?
(Multiple Choice)
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Why is there unemployment even when the economy is at "full employment"?
(Essay)
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-In the table above, the number of marginally attached workers is ________.
(Multiple Choice)
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If the basket of goods and services used to calculate the CPI cost $200 in the reference base period and $450 in a later year, the CPI for the latter year equals
(Multiple Choice)
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-The tables above give the purchases of an average consumer in a small economy. (These consumers purchase only shampoo and pizza.)Suppose 2015 is the reference base period.
a)What is the cost of the CPI basket in 2015 and 2016?
b)What is the CPI in 2015 and in 2016?
c)What is the inflation rate between 2015 and 2016?
(Essay)
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When cyclical unemployment increases and other things remain the same, ________.
(Multiple Choice)
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Of the following sequences of price levels, which CORRECTLY represents a 5 percent inflation rate?
(Multiple Choice)
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Using the definition of unemployment, which of the following individuals would be unemployed?
(Multiple Choice)
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What is a discouraged worker? How do they affect the unemployment rate?
(Essay)
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