Monday, 29 July 2013

ECO 561 Chapter 7 Quiz




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Question 1
A recession is marked by ______________ output and ________ unemployment.
Question 2
To be classified as unemployed, an individual who is sixteen years of age or older
Question 3
The unemployment rate
Question 4
The decline in the measured unemployment rate that results when people who want to work but cannot find work stop looking for jobs and then drop out of the ranks of the unemployed and the labor force is known as
Question 5
The sum of frictional and structural unemployment is thought of as the
Question 6
Cyclical unemployment is the
Question 7
The difference between the interest rate on a loan and the inflation rate is the
Question 8

If discouraged workers were counted as unemployed, the measured unemployment rate would increase.

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