Exam 5: Monitoring Jobs and Inflation

-In 2008, consumers in Dexter consumed only books and pens. The prices and quantities for 2008 and 2009 are listed in the table above. The reference base period for Dexter's CPI is 2008. What is the CPI in 2008?

The Consumer Price Index is a measure of the average of the prices paid by for a fixed basket of consumer goods and services.

The unemployment rate measures the percentage of

-In the table above, what inflation rate belongs in space C?

From most to least, which of the rankings of sources of unemployment is correct?

The smallest and most stable source of unemployment is

Cyclical unemployment occurs when

How does the unemployment rate change in a recession and in an expansion?

Job losers are people who

Inflation in Vietnam rose to 27 percent in July 2008- the highest inflation rate in Asia. "Squeezed on all sides, people are cutting back on food, limiting travel, looking for second jobs, delaying major purchases and waiting for the cost of a wedding to go down before marrying...Given this slowdown, Vietnam... is scaling back its plans for growth and economic development Some are Losing confidence in the ability of the government to manage the economy. And rumors of price incr have caused panic buying of fuel and rice." The story provides an example of how inflation

How would you best describe a woman who left her job while her children were young and is now looking for work?

The unemployment rate equals 100 times the number of

Suppose Sophie quit her job at the Soda Shop to look for a better job. Sophie is considered

Suppose the price level this year is 150 and the price level last year was 125. The inflation rate between last year and this year was

The table below shows data regarding Germany's labor market. The data show that Germany's labor force participation rate is in 2007.

Teenage unemployment is high because teenagers are more likely to leave their jobs and more likely to lose their jobs.

Suppose the working age population in Tiny Town is 100 people. If 25 of these people are NOT in the labor force, the _ equals .

Discuss the similarities and differences between job losers and job leavers.

The duration of unemployment is long when the unemployment rate is low.

Unlike cyclical unemployment, both frictional and structural unemployment rise during recessions and fall during expansions.