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QUIZ ABOUT
   MEASURING
UNEMPLOYMENT
• inflation initiated by an increase in aggregate
  demand.




 ANS: DEMAND-PULL INFLATION
• occurs when the overall price level continues to rise
  over some fairly long period of time. Sustained inflation
  is essentially a monetary phenomenon. For the price
  level to continue to rise period after period, it must be
  accommodated by an expanded money supply.




       ANS: SUSTAINED INFLATION
• The number of people employed plus the number
  of unemployed.




ANS: LABOR FORCE
• Measures of prices that producers
  receive for products at all stages in
  the production process.




ANS: PRODUCER PRICE INDEXES (PPIS)
• A fall in the price level of the economy.
  It means there will be a negative
  inflation rate.




ANS: DEFLATION
• The increase in unemployment that occurs during
    recessions and depressions.




ANS: CYCLICAL UNEMPLOYMENT
• The unemployment that occurs as a normal part of the
    functioning of the economy.




ANS: STRUCTURAL UNEMPLOYMENT
• The portion of unemployment that is due to the normal working of
    the labor market; used to denote short-run job/skill matching
    problems.




ANS: FRICTIONAL UNEMPLOYMENT
• The difference between the interest rate on a loan and
    the inflation rate.




ANS: REAL INTEREST RATE

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Measuring unemployment

  • 1. QUIZ ABOUT MEASURING UNEMPLOYMENT
  • 2. • inflation initiated by an increase in aggregate demand. ANS: DEMAND-PULL INFLATION
  • 3. • occurs when the overall price level continues to rise over some fairly long period of time. Sustained inflation is essentially a monetary phenomenon. For the price level to continue to rise period after period, it must be accommodated by an expanded money supply. ANS: SUSTAINED INFLATION
  • 4. • The number of people employed plus the number of unemployed. ANS: LABOR FORCE
  • 5. • Measures of prices that producers receive for products at all stages in the production process. ANS: PRODUCER PRICE INDEXES (PPIS)
  • 6. • A fall in the price level of the economy. It means there will be a negative inflation rate. ANS: DEFLATION
  • 7. • The increase in unemployment that occurs during recessions and depressions. ANS: CYCLICAL UNEMPLOYMENT
  • 8. • The unemployment that occurs as a normal part of the functioning of the economy. ANS: STRUCTURAL UNEMPLOYMENT
  • 9. • The portion of unemployment that is due to the normal working of the labor market; used to denote short-run job/skill matching problems. ANS: FRICTIONAL UNEMPLOYMENT
  • 10. • The difference between the interest rate on a loan and the inflation rate. ANS: REAL INTEREST RATE