Exam 11: Introduction to Macroeconomics: Unemployment, Inflation, and Economic Fluctuations

The economy reaches full employment when the unemployment rate equals zero.

If the economy is operating at the natural rate of unemployment, _____.

If the population aged 16 years and older equals 150 million, the labor force equals 110 million, and the total number of persons employed equals 98 million, then the unemployment rate is:

Which of the following is true?

Cyclical unemployment arises when:

Which of the following individuals would be considered unemployed?

People who do not hold a job but are actively seeking work are considered to be:

Economic growth is measured by changes in _____.

Why does the term full employment imply an unemployment rate greater than zero? Discuss your answer in terms of the types of unemployment.

The category of unemployment that is a byproduct of geographic and occupational mobility and generally considered to be a temporary problem is:

Each person in the population can be classified as employed or unemployed.

A college student who is enrolled in school full-time and not seeking employment is considered:

The development of a nationwide computerized job bank listing all job openings would most likely reduce:

The total labor force equals:

What are the three major macroeconomic goals?

​Which of the following measures the average level of prices of all final goods and services produced in the economy?

A major macroeconomic goal of nearly every society is:

A discouraged worker is:

The unemployment rate may underestimate the true extent of unemployment because:

Which of the following groups would not tend to lose from an unexpected inflation?