Exam 7: Unemployment and Inflation

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Ginger quits her job as personal secretary to the Vice President of HR Technologies because she cannot handle the stress.It takes her three weeks to find a job as a receptionist at Mariam Hotels and Resorts.Over these three weeks,she would be considered frictionally unemployed.​

(True/False)
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The impact of _____ unemployment is removed from official monthly unemployment figures.​

(Multiple Choice)
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Suppose there is a 3 percent increase in the nominal wages of workers in an economy.The annual rate of inflation in the economy is about 6 percent.Which of the following is true in this case?​

(Multiple Choice)
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The nominal interest rate is determined in the market for loanable funds.​

(True/False)
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The higher the anticipated inflation rate,_____.​

(Multiple Choice)
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Frictional unemployment refers to unemployment that is a result of:​

(Multiple Choice)
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Inflation is:​

(Multiple Choice)
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Which of the following decades was characterized by the highest inflation rate in the U.S.?​

(Multiple Choice)
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When an economy is operating at full employment,_____.​

(Multiple Choice)
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If the nominal interest rate is 5 percent and there is no inflation,_____.​

(Multiple Choice)
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Which of the following will most likely qualify for unemployment compensation benefits?​

(Multiple Choice)
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The benefits paid by the largest pension program in the United States are:​

(Multiple Choice)
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Anne is an accountant who lost her job in the last recession and has given up looking for work after an unsuccessful job search.Which of the following is true in this case?​

(Multiple Choice)
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Suppose there is a 5 percent increase in the nominal wages of workers in an economy.The annual rate of inflation in the economy is about 2 percent.Which of the following is true in this case?​

(Multiple Choice)
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During periods when the inflation rate fluctuates widely,_____.​

(Multiple Choice)
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Which of the following does not exist when an economy is operating at full employment?​

(Multiple Choice)
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Which of the following is true about inflation?​

(Multiple Choice)
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A decrease in the interest rate,other things constant,will:​

(Multiple Choice)
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"Discouraged workers" comprise the percentage of those in the:​

(Multiple Choice)
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A recent college graduate who is looking for her first job would be considered _____.​

(Multiple Choice)
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