Exam 4: Goals and Problems of the Macroeconomy: Employment, Prices and Production

Based on the U.S. Bureau of Labor Statistics' method for measuring employment and unemployment, who of the following would be "employed?"

Which of the following statements is true?

Unemployment results in an economic loss for society because it causes:

A price index measures the:

Demand-pull inflation occurs when:

Which of the following statements is FALSE?

The participation rate for full-time college students measures the percentage of these students who are:

Which is NOT a direct consequence of inflation?

Structural unemployment could be caused by:

Discouraged workers:

-If year 2 is the base year, the price index number for year 1 is:

According to Application 4.2, "The $4 Summer of 2008,"

Inflation can result from current events, but not from expectations about future events.

We study macroeconomics to understand:

A real rate of interest of -3 percent on money that has been loaned indicates:

The rate of unemployment that represents full employment would likely increase if there were an increase in the:

Which of the following statements is true?

Real GDP will be less than money GDP when the GDP price index number is:

Which of the following statements about inflation is true?

Which of the following statements about price indexes is FALSE?