Exam 13: Unemployment and Inflation

Over the past 30 years,the labour force participation rates of women have fallen as they leave the labour force to have children,while the labour force participation rates of men have risen.

Which of the following is not a result of rising unemployment?

Assume that the CPI in 2014 was 217,while the CPI in 1986 was 82.If a person had $5000 in 1986,its equivalent purchasing power in 2014 would be $10 850.

Why is frictional unemployment unavoidable?

With cost-push inflation,initially

The inflation rate is measured as the

If a disease affected apple trees in Australia and significantly reduced the availability of apples for a year,what affect would this have on the CPI and would using the CPI to calculate the rate of inflation produce an accurate representation of the rate of inflation in that year?

Explain how the rate of unemployment is measured and discuss the weaknesses of this method of measurement.

The unemployment rate is the

In Australia in 2014,the proportion of unemployed people who were long-term unemployed as measured by the Australian Bureau of Statistics was approximately

The natural rate of unemployment consists of frictional unemployment plus cyclical unemployment.

If the number employed is 11 million,the number unemployed is 0.6 million,and the working-age population is 16 million,then the labour force participation rate is:

What are menu costs?

Explain how the CPI is constructed,and discuss any weaknesses with this measurement technique.

Trade unions cause unemployment because the union contract wage is set

For which of the following age groups was the unemployment rate in Australia the lowest in 2014?

What is outlet bias?

Inflation redistributes income to a greater extent when the inflation is unanticipated.

Which of the following is not an economic cost of higher than anticipated inflation?

There are no costs to inflation if it is fully anticipated.