ECO 561 Week 4 Quiz he unemployment produced byfluctuations in economic activity is called: cyclicalunemployment Imagine a country has a population of210 million. Within the country there are 95 mill
ECO 561 Week 4 Quiz he unemployment produced byfluctuations in economic activity is called: cyclicalunemployment Imagine a country has a population of210 million. Within the country there are 95 mill
(CPI) 1. 10. 2. 210 3. 4 4. 5% 5. 50 561 6. 60 7. 8. 9. 95 A B Based Business C Consumer D During ECO GDP Imagine Index Movement New Price Quiz Real The Unanticipated Week Which Within [ ] a actively activity all an and are around as at base based basket because benefits best between borrowers business but by called: capable college complete consistent country cycle, cycle?: cycles cyclical defined describes economic economy economy, employed equals expense experience: final fluctuates fluctuations following for frictional from goods graduates growth has high in incapable individual inflation information, is it it: items its lenders likely looking. low market million million. most natural not occur of on on: operating output output: peak people period point population potential prices problem produced rate rate? reaches recession services society specific stated statements surveys that the the: there these this to trend trough unemployment value what when which who with workers, working, year?:
The unemployment produced by
fluctuations in economic activity is called: cyclical
unemployment
Imagine a country has a population of
210 million. Within the country there are 95 million people who are employed
workers, 50 million people incapable of working, and 60 million people capable
of working, but not actively looking. Based on this information, what is the
unemployment rate? 5%
Which of the
following equals the market value of all final goods and services produced in
an economy, stated in the prices of a specific base year?: Real GDP ]
During the business cycle, the period
between the point at which output reaches a high and the point at which it
reaches a low is called: a recession
[
Which of these
statements best describes a complete individual business cycle?: Movement
from peak to trough to peak ]
Business cycles occur when output: fluctuates around its growth trend ]
ECO 561 Week 4 Quiz