Exam 9: Unemployment and Inflation

If the number of unemployed workers is 19 million,the number in the working-age population is 500 million,and the unemployment rate is 4%,what is the labor force participation rate?

Except for recessions,the duration of unemployment for the typical person lasts

The unemployment rate equals the number of unemployed divided by the ________,all times 100.

If inflation increases unexpectedly,then

If the CPI rises from 206.7 to 212.7 between two consecutive years,by how much has the cost of living changed between these two years?

Table 9-14 The table above reports the nominal average hourly earnings in private industry and the consumer price index for 1965 and 2010. -Refer to Table 9-14.The real average hourly earnings for 1965 in 1982-1984 dollars equal

Most economists believe that the biases in the consumer price index cause the CPI to overstate the true inflation rate by about

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

The nominal interest rate equals the real interest rate ________ the inflation rate.

The CPI in 1990 was 131,and the CPI in 2010 was 218.If you earned a salary of $40,000 in 1990,what would be a salary with equivalent purchasing power in 2010?

Someone who is available for work but has not actively looked for work in the previous four weeks would be classified as

Table 9-8 -Refer to Table 9-8.Suppose that the data in the table above reflect the price levels in the economy.What is the inflation rate in between 2012 and 2013?

Discuss the likely impact of each of the following on the unemployment rate: a.The length of time workers are eligible to receive unemployment insurance payments is cut in half. b.The government passes a law making labor unions illegal. c.The minimum wage is raised by 50 percent. d.The government funds an Internet site where companies can post job openings at no charge.

If the price level rose in three consecutive years from 100 to 120 to 140,then the annual inflation rate over those years would

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.

Structural unemployment is the result of

Suppose 180,000 people are employed,20,000 people are unemployed,the working-age population is 250,000,and 50,000 people are out of the labor force.Calculate the unemployment rate.

If inflation is completely anticipated,

If an economy experiences deflation,the real interest rate

You borrow $10,000 from a bank for one year at a nominal interest rate of 5%.If inflation over the year is 2%,what is the real interest rate you are paying?