Exam 8: Unemployment and Inflation

Which is true of cost-push inflation?

In which of the following industries are workers least likely to suffer from cyclical unemployment?

During the 1970's the inflation experienced in the United States as a result of OPEC oil price increases is referred to as

Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the labor force is

Seasonal unemployment refers to unemployment that results from

Workers who are temporarily unemployed but who normally find jobs quickly are called

Which type of unemployment is most likely to help the economy become more efficient?

Which of the following people would be counted among the unemployed?

Measured unemployment includes discouraged workers.

Which of the following is true about inflation?

Demand-pull inflation is typically caused by rapidly rising costs of production.

The unemployment rate will increase whenever there is a(n)

Which of the following groups tends to have the highest unemployment rate in the United States?

Cost-push inflation is typically caused by an

Underemployment refers to

Exclusion of which of the following tends to understate the true extent of unemployment in the economy?

Which of the following is true regarding labor force participation rates in the United States since the 1950s?

Inflation is the hardest on those living on fixed incomes.

Anticipated inflation

Government fiscal policies that attempt to stimulate aggregate demand are often aimed at reducing cyclical unemployment.