Question 1

Explain the difference between frictional and structural unemployment.

Accepted Answer

Frictional unemployment is more short te

Question 2

The natural unemployment rate increased significantly during the 1980s and the 1990s.

Accepted Answer

A) True 
 B)False

Question 3

Looking at inflation rates in the United States since the 1970s we see that

Accepted Answer

A)  inflation fell the most during the 1970s productivity slowdown. 
B)  the highest inflation rates were the double digits during the 1990s. 
C)  the inflation rate increased with the increased growth of the 1990s. 
D)  the 1970s experienced the highest inflation rates. 
A)  inflation fell the most during the 1970s productivity slowdown. 
B)  the highest inflation rates were the double digits during the 1990s. 
C)  the inflation rate increased with the increased growth of the 1990s. 
D)  the 1970s experienced the highest inflation rates.

Question 4

-The table above gives the U.S. CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002.

Accepted Answer

Between 1997 to 1998, the inflation rate

Question 5

If the CPI basket costs $35 in the base period but costs $42, what is the CPI in the next period?

Accepted Answer

A)  83.3 
B)  $42 
C)  20 percent 
D)  120 
A)  83.3 
B)  $42 
C)  20 percent 
D)  120

Question 6

-In the table above, what inflation rate belongs in space A?

Accepted Answer

A)  17.0 percent 
B)  6.8 percent 
C)  8.3 percent 
D)  -4.0 percent 
A)  17.0 percent 
B)  6.8 percent 
C)  8.3 percent 
D)  -4.0 percent

Question 7

The unemployment rate is found by dividing the number of unemployed people by the

Accepted Answer

A)  number of working individuals, and multiplying by 100. 
B)  number of the working-age population, and multiplying by 100. 
C)  sum of working individuals plus unemployed workers, and multiplying by 100. 
D)  number in the labor force, and dividing by 100. 
A)  number of working individuals, and multiplying by 100. 
B)  number of the working-age population, and multiplying by 100. 
C)  sum of working individuals plus unemployed workers, and multiplying by 100. 
D)  number in the labor force, and dividing by 100.

Explain the difference between frictional and structural unemployment.

The natural unemployment rate increased significantly during the 1980s and the 1990s.

Looking at inflation rates in the United States since the 1970s we see that

-The table above gives the U.S. CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002.

If the CPI basket costs $35 in the base period but costs $42, what is the CPI in the next period?

-In the table above, what inflation rate belongs in space A?

The unemployment rate is found by dividing the number of unemployed people by the

What Is Economics?

The Economic Problem

Demand and Supply

Measuring GDP and Economic Growth

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

The Business Cycle, Inflation, and Deflation

Fiscal Policy

Monetary Policy

International Trade Policy

Filters

Exam 5: Monitoring Jobs and Inflation

Explain the difference between frictional and structural unemployment.

The natural unemployment rate increased significantly during the 1980s and the 1990s.

Looking at inflation rates in the United States since the 1970s we see that

-The table above gives the U.S. CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002.

If the CPI basket costs $35 in the base period but costs $42, what is the CPI in the next period?

-In the table above, what inflation rate belongs in space A?

The unemployment rate is found by dividing the number of unemployed people by the

What Is Economics?

The Economic Problem

Demand and Supply

Measuring GDP and Economic Growth

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

The Business Cycle, Inflation, and Deflation

Fiscal Policy

Monetary Policy

International Trade Policy

Filters