Question 1

Which is true of cost-push inflation?

Accepted Answer

A) It occurs when the aggregate demand curve shifts rightward. 
B) It occurs when the aggregate supply curve shifts rightward. 
C) It results in a decrease in the unemployment rate. 
D) It results in a movement along the aggregate demand curve. 
E) It is caused by the same factors that lead to demand-pull inflation. 
A) It occurs when the aggregate demand curve shifts rightward. 
B) It occurs when the aggregate supply curve shifts rightward. 
C) It results in a decrease in the unemployment rate. 
D) It results in a movement along the aggregate demand curve. 
E) It is caused by the same factors that lead to demand-pull inflation.

Question 2

If the CPI is 200,then the price level has doubled since the base year.

Accepted Answer

A) True 
 B)False

Question 3

The unemployment rate for people 20 years old and older in the United States is higher than that for teens.

Accepted Answer

A) True 
 B)False

Question 4

In the United States,

Accepted Answer

A) the average inflation rate was higher before 1950 than after 
B) the average inflation rate was higher after 1950 than before 
C) inflation caused no serious problems before World War II 
D) inflation caused no serious problems after World War II 
E) the implicit price deflator was used to measure inflation before World War II,and the consumer price index has been used since then. 
A) the average inflation rate was higher before 1950 than after 
B) the average inflation rate was higher after 1950 than before 
C) inflation caused no serious problems before World War II 
D) inflation caused no serious problems after World War II 
E) the implicit price deflator was used to measure inflation before World War II,and the consumer price index has been used since then.

Question 5

Structural unemployment refers to unemployment that results from

Accepted Answer

A) inefficiencies in the market for labor that prolong the job search 
B) being in the wrong geographical location 
C) taking the time to find the best job 
D) seasonal decreases in demand for labor 
E) a recession in the economy 
A) inefficiencies in the market for labor that prolong the job search 
B) being in the wrong geographical location 
C) taking the time to find the best job 
D) seasonal decreases in demand for labor 
E) a recession in the economy

Question 6

Which of the following types of unemployment is the hardest to reduce?

Accepted Answer

A) cyclical 
B) structural 
C) voluntary 
D) involuntary 
E) speculative 
A) cyclical 
B) structural 
C) voluntary 
D) involuntary 
E) speculative

Question 7

Which of the following statements about unemployment is true?

Accepted Answer

A) There is only one kind of unemployment. 
B) Some unemployment exists even when the economy is healthy and growing. 
C) Unemployment and inflation are not related. 
D) People who are willing and able to work but have given up the search for a job are considered unemployed. 
E) Voluntary unemployment refers to a situation in which people who really do not want to work only pretend to look for jobs. 
A) There is only one kind of unemployment. 
B) Some unemployment exists even when the economy is healthy and growing. 
C) Unemployment and inflation are not related. 
D) People who are willing and able to work but have given up the search for a job are considered unemployed. 
E) Voluntary unemployment refers to a situation in which people who really do not want to work only pretend to look for jobs.

Question 8

The supply of loanable funds curve slopes downward to the right.

Accepted Answer

A) True 
 B)False

Which is true of cost-push inflation?

If the CPI is 200,then the price level has doubled since the base year.

The unemployment rate for people 20 years old and older in the United States is higher than that for teens.

In the United States,

Structural unemployment refers to unemployment that results from

Which of the following types of unemployment is the hardest to reduce?

Which of the following statements about unemployment is true?

The supply of loanable funds curve slopes downward to the right.

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Productivity and Growth

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

understanding Graphs

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters

Exam 7: Unemployment and Inflation

Which is true of cost-push inflation?

If the CPI is 200,then the price level has doubled since the base year.

The unemployment rate for people 20 years old and older in the United States is higher than that for teens.

In the United States,

Structural unemployment refers to unemployment that results from

Which of the following types of unemployment is the hardest to reduce?

Which of the following statements about unemployment is true?

The supply of loanable funds curve slopes downward to the right.

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Productivity and Growth

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

understanding Graphs

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters