Exam 5: Monitoring Jobs and Inflation

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2012 2013 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? -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?

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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?

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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

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Which of the following is NOT included in the working-age population?

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Cyclical unemployment ________ during expansions and ________ during recessions.

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Marginally attached workers fall into which of the following population categories?

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Why is there unemployment even when the economy is at "full employment"?

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  -In the table above, the number of marginally attached workers is ________. -In the table above, the number of marginally attached workers is ________.

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  -In the above table, the unemployment rate is -In the above table, the unemployment rate is

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The unemployment rate equals the number of

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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

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The employment-to-population ratio is defined as

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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?       -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? -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?

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When cyclical unemployment increases and other things remain the same, ________.

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Of the following sequences of price levels, which CORRECTLY represents a 5 percent inflation rate?

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Structural unemployment is

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The unemployment rate is the ________ who are unemployed.

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Unemployment that is the result of recessions is called

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Using the definition of unemployment, which of the following individuals would be unemployed?

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What is a discouraged worker? How do they affect the unemployment rate?

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