Question 1

In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are:

Accepted Answer

A)   Excluded from the labor force
B)   Included as part of the unemployed
C)   Treated the same as part-time workers
D)   Used to determine the size of the labor forceE) A) and B)
F) All of the above

Question 2

If the CPI declines from one year to the next, then the following statements are true, except:

Accepted Answer

A)   There is deflation
B)   The inflation rate is negative
C)   The average price level is decreasing
D)   The CPI turns negative in the next yearE) All of the above
F) C) and D)

Question 3

The best example of a "frictionally unemployed" worker is one who:

Accepted Answer

A)   Reduces productivity by causing friction in a business
B)   Is laid off during a recessionary period in the economy
C)   Is in the process of voluntarily switching jobs
D)   Is discouraged and not actively seeking workE) All of the above
F) None of the above

Exam 9: Business Cycles, Unemployment, and Inflation

If the CPI declines from one year to the next, then the following statements are true, except:

Correct Answer
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The best example of a "frictionally unemployed" worker is one who:

Correct Answer
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In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are:

Correct Answer
verified

Exam 9: Business Cycles, Unemployment, and Inflation

If the CPI declines from one year to the next, then the following statements are true, except:

Correct AnswerverifiedShow Answer

The best example of a "frictionally unemployed" worker is one who:

Correct AnswerverifiedShow Answer

In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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