Exam 7: The Macroeconomy: Unemployment, Inflation, and Deflation

Cyclical unemployment occurs when

In the United States, most often the ________ changes first, and the ________ follows.

A cutback in the space program due to a slow economy causes an increase in unemployment among aeronautical engineers. This is an example of

A person who is currently not working and has stopped looking for a job because he or she is convinced there is no job available is classified as a

When the economy is experiencing a contraction, there is an increase in

If the U.S. economy enters a recession, the

An individual in the labor force whose employment was involuntarily terminated is

Frictional unemployment would increase when

Which of the following is a stock variable? The number of

Which is the broadest price index reported in the United States?

Which of the following people would be considered unemployed?

When did the United States register its lowest unemployment rate?

The term "unemployment" is best described as the total number of

-Using the above table, the unemployment rate X is

A period of time in which the overall pace of business activity is rising is known as

Annie had a job as a human resource manager of a restaurant chain that went out of business due to a downturn in the economy. She looked for work for six months and gave up because she was convinced that she could not find a suitable job to fit her skill set. In this instance she would be counted as a

Which of the following best fits the definition of unemployed?

According to the Bureau of Labor Statistics, if you voluntarily leave your job to search for another job, then you

Which category of unemployed individuals makes up the greatest share of those who are unemployed?

Which of the following measures gives the earliest warning of increasing inflation?