Exam 5: Monitoring Jobs and Inflation

The best example of a frictionally unemployed individual is

Which of the following people is NOT considered unemployed in the Current Population Survey?

Suppose initially that the working- age population is 220 million, the labor force is 150 million, and the unemployment rate is 10 percent. 5 million new jobs are created and filled by 5 million people who had previously been discouraged workers. What is the new unemployment rate?

If this year the price level is 135 and last year it was 125, the inflation rate is

Full employment means that

Unemployment can arise from

The employment- to- population ratio

The Consumer Expenditure Survey is .

The absence of cyclical unemployment means the economy is at the natural unemployment rate.

Which of the following situations best describes an individual who is cyclically unemployed?

Give an example of a frictionally unemployed person.

If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed, and 150 million employed, the employment- to- population rate is

Suppose that the natural unemployment rate is 4.5 percent and the actual unemployment rate is 3.5 percent. Then cyclical unemployment is

Bill loses his job as a loan officer when the bank he works for is bought up by a larger financial institution. Bill has the skills necessary to find a new job, so Bill is best considered an example of

The official unemployment estimates

An unemployment rate of zero percent cannot be expected because

-The above table shows answers given by people interviewed in a government survey of households. Which individuals are considered unemployed?

The unemployment rate is found by dividing the number of unemployed people by the

An individual with good job prospects who is between jobs is best considered as

Define and give an example of how a spell of frictional unemployment can begin.