\[\begin{array} { | c | l | } \hline \text { Person A } & \begin{array} { l } \text { This person has just graduated from high school and is } \\ \text { working at a part-time job but wants a full-time job. } \end{array} \\ \hline \text { Person B } & \begin{array} { l } \text { At the age of 45, this person was laid off from the } \\ \text { automobile industry when new equipment wasinstalled } \\ \text { and the person did not have the skills necessary to use } \\ \text { the equipment. This person now is searching to find a } \\ \text { new job. } \end{array} \\ \hline \text { Person C } & \begin{array} { l } \text { As a result of this person's spouse being transferred to a } \\ \text { job in a new city, this person is looking for a new job. } \end{array} \\ \hline \text { Person D } & \begin{array} { l } \text { This person just graduated from college and is looking } \\ \text { for an engineering job. In the meantime, this person is } \\ \text { working full-time waiting tables. } \end{array} \\ \hline \end{array}\] -The above table shows answers given by people interviewed in the Current Population Survey. Which people are structurally unemployed?

A) A, B, and D B) A, B, and C C) B and C. D) A, B, C, and D A) A, B, and D B) A, B, and C C) B and C. D) A, B, C, and D

\(\begin{array}{|l|l|} \hline \text { Category } & \begin{array}{l} \text { Number } \\ \text { (millions) } \end{array} \\\hline \text { Discouraged workers } & 15 \\ \hline \text { Unemployed workers } & 40 \\ \hline \text { Employed workers } & 100 \\ \hline \text { Population (16 years and over) } & 225 \\ \hline \end{array}\) -In the above table, the number of marginally attached workers is

A) 40 million. B) 15 million. C) 100 million. D) 55 million. A) 40 million. B) 15 million. C) 100 million. D) 55 million.

Exam 5: Monitoring Jobs and Inflation

Person A This person has just graduated from high school and is working at a part-time job but wants a full-time job. Person B At the age of 45, this person was laid off from the automobile industry when new equipment wasinstalled and the person did not have the skills necessary to use the equipment. This person now is searching to find a new job. Person C As a result of this person's spouse being transferred to a job in a new city, this person is looking for a new job. Person D This person just graduated from college and is looking for an engineering job. In the meantime, this person is working full-time waiting tables. -The above table shows answers given by people interviewed in the Current Population Survey. Which people are structurally unemployed?

(Multiple Choice)

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Question 41

The first step in measuring the CPI is to

(Multiple Choice)

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Question 42

The is the total number of people aged 16 years and older and not in jail, hospital or institutional care) while the is the number of people employed and the unemployed.

(Multiple Choice)

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Question 43

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

(Multiple Choice)

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Question 44

The CPI is the average price of all goods and services produced within the economy.

(True/False)

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Question 45

Inflation in Vietnam rose to 27 percent in July 2008- the highest inflation rate in Asia. ʺSqueezed 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 increases have caused panic buying of fuel and rice.ʺ The story provides an example of how inflation

(Multiple Choice)

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Question 46

If a worker is temporarily laid off because the economy is in a recession, frictional unemployment increases.

(True/False)

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Question 47

The unemployment rate is the________ who are unemployed.

(Multiple Choice)

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Question 48

The three types of unemployment are

(Multiple Choice)

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Question 49

If the economy is at full employment,

(Multiple Choice)

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Question 50

The unemployment rate measures the percentage of

(Multiple Choice)

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Question 51

Which labor market statistic tends rise during recessions and fall during expansions?

(Multiple Choice)

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Question 52

What, if any, is the impact of the CPI bias on government spending?

(Essay)

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Question 53

What is a ʺmarginally attached workerʺ?

(Essay)

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Question 54

The natural unemployment rate

(Multiple Choice)

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Question 55

If the economy enters a recession,

(Multiple Choice)

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Question 56

Category Number (millions) Discouraged workers 15 Unemployed workers 40 Employed workers 100 Population (16 years and over) 225 -In the above table, the number of marginally attached workers is

(Multiple Choice)

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Question 57

An individual who has stopped looking for a job because he is convinced that he cannot find a job is referred to as

(Multiple Choice)

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Question 58

The currently used method for calculating the CPI

(Multiple Choice)

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Question 59

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

(Multiple Choice)

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Question 60

The first step in measuring the CPI is to

The is the total number of people aged 16 years and older and not in jail, hospital or institutional care) while the is the number of people employed and the unemployed.

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

The CPI is the average price of all goods and services produced within the economy.

If a worker is temporarily laid off because the economy is in a recession, frictional unemployment increases.

The unemployment rate is the________ who are unemployed.

The three types of unemployment are

If the economy is at full employment,

The unemployment rate measures the percentage of

Which labor market statistic tends rise during recessions and fall during expansions?

What, if any, is the impact of the CPI bias on government spending?

What is a ʺmarginally attached workerʺ?

The natural unemployment rate

If the economy enters a recession,

Category Number (millions) Discouraged workers 15 Unemployed workers 40 Employed workers 100 Population (16 years and over) 225 -In the above table, the number of marginally attached workers is

An individual who has stopped looking for a job because he is convinced that he cannot find a job is referred to as

The currently used method for calculating the CPI

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

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers: the Keynesian Model

U.S Inflation, Unemployment, and Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Review

Filters

Exam 5: Monitoring Jobs and Inflation

The first step in measuring the CPI is to

The________ is the total number of people aged 16 years and older and not in jail, hospital or institutional care) while the________ is the number of people employed and the unemployed.

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

The CPI is the average price of all goods and services produced within the economy.

If a worker is temporarily laid off because the economy is in a recession, frictional unemployment increases.

The unemployment rate is the________ who are unemployed.

The three types of unemployment are

If the economy is at full employment,

The unemployment rate measures the percentage of

Which labor market statistic tends rise during recessions and fall during expansions?

What, if any, is the impact of the CPI bias on government spending?

What is a ʺmarginally attached workerʺ?

The natural unemployment rate

If the economy enters a recession,

Category Number (millions) Discouraged workers 15 Unemployed workers 40 Employed workers 100 Population (16 years and over) 225 -In the above table, the number of marginally attached workers is

An individual who has stopped looking for a job because he is convinced that he cannot find a job is referred to as

The currently used method for calculating the CPI

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

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers: the Keynesian Model

U.S Inflation, Unemployment, and Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

Review

Filters

The is the total number of people aged 16 years and older and not in jail, hospital or institutional care) while the is the number of people employed and the unemployed.