Exam 7: Unemployment and Inflation

The impact of __________ unemployment is removed from official unemployment figures that are reported monthly.

Inflation is defined as a sustained increase in the price level.

Which of the following is not considered a cost of unemployment?

The unemployment rate will increase whenever there is a(n)

Exhibit 7-1 -In Exhibit 7-1 the economy is initially facing AD₀ and AS₀.Which of the following best describes the occurance of cost-push inflation?

The higher you think the inflation rate is likely to be,

If the official unemployment rate increases in August from its July level,we can conclude that __________ unemployment is responsible for the increase.

In which of the following industries are workers least likely to suffer from cyclical unemployment?

Hyperinflation refers to a situation in which

Demand-pull inflation is caused by an

Inflation can be caused by

The higher the anticipated inflation rate,

An accountant who lost their job in the last recession who gives up looking for work after 12 months of unsuccessful job search,would be considered as

As a result of the hyperflation in Zimbabwe,the unemployment rate rose to 90%.

Which type of unemployment is most likely to help the economy become more efficient?

Which of the following people would be counted as unemployed?

Which of the following factors makes the official unemployment rate an overstatement of the actual level of unemployment in the economy?

Inflation is

Exhibit 7-1 -In Exhibit 7-1 the economy is initially facing AD₀ and AS₀.Which of the following best describes the occurance of demand-pull deflation?

Construction workers at times face high rates of unemployment because their work is both seasonal and subject to wide swings over the business cycle.