Exam 5: Monitoring Jobs and Inflation

If a person is laid off from a job, the person is considered to be a

-In the above table, the inflation rate between 2006 and 2007 is approximately

The employment- to- population ratio is defined as 100 times

Suppose the current unemployment rate is 5 percent, the labor force is 400 million people, the labor force participation rate is 80 percent and the working- age population is 500 million people. What number of people are unemployed?

Last year's price level was 120 and since then there has been a 5 percent inflation. This year's price level is

Since the early 1960s, in the United States the

-The information in the table above gives the 2008 reference base period CPI basket and prices used to construct the CPI for a small nation. It also has the 2009 prices. What is the value of the CPI for the reference base period, 2008?

When an individual is frictionally unemployed, the unemployment arises in part from

Cyclical unemployment exists when

The working- age population is defined as the number of

The unemployment rate is measured as

The smallest source of unemployment is .

The labor force is defined as the

Suppose there are currently 100 people unemployed, 1500 people employed, and 2000 people in the working age population. The labor force participation rate equals 100 times

"The bias in the CPI distorts private contracts because a future payment that is linked to the CPI will be raised above the true increase in the price level." Is the previous sentence true or false?

At the natural unemployment rate, there is no

Suppose the population of Tiny Town is 100 people and the working age population is 70. If 10 of these people are unemployed, the unemployment rate in Tiny Town is

The three types of unemployment are

-In the above table, the working age population is

-Using the data in the above table, the labor force participation rate is