Exam 5: Introduction to the Macroeconomy

What is the term for unemployment caused by a contraction in the economy?

Who does unexpected inflation generally benefit?

In the nineteenth century,Canadian farmers were ordinarily debtors.Farmers typically borrowed from banks to develop new acreage and to be able to purchase necessary inputs prior to each growing season.Why might farmers generally support public policies that were inflationary?

What would the development of a nationwide,computerized job-bank listing of all job openings be most likely to reduce?

Suppose you live in a community of 100 people where everyone is able and seeks to work.If 80 people are over 16 years old and 72 of them are employed,what is the unemployment rate in this community?

If professors lose their positions at universities because of the widespread introduction of courses over the Internet,what would faculty members that remained unemployed be considered?

If the unemployment rate is 6 percent and the number of persons unemployed is 6 million,how many people are employed?

Which of the following statements does NOT depict employment insurance?

When unemployment rises above the natural rate,what type of unemployment exists?

What do economists usually use the term "recession" to refer to?