Homework Answers
Natural rate of unemployment or on opposite side full employment is rate at which economy runs in long run.full or works at its potential means potential gdp.when unemployment rate is above natural rate of unemployment or under employment , economy works at below potential gdp (option c is wrong).and economy is in recession (option D is wrong). economy faces decrease in demand or increase in factor cost (option e is wrong).
Cyclical unemployment is difference between real unemployment and Natural rate of unemployment.if real unemployment is above natural rate of unemployment then cyclical unemployment would be positive (option b is wrong.)
Employment will be lower than full employment when unemployment is above natural rate of unemployment.(option A is right)
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If unemployment is above the natural level of unemployment, which one of these statements MUST be...
If cyclical unemployment is positive, which of the following statements MUST be true? Select one: a....
If cyclical unemployment is positive, which of the following statements MUST be true? Select one: a. The natural rate of unemployment MUST be 7% O b. Unemployment is above the natural rate of unemployment O C. The unemployment rate is negative O d. The economy is experiencing an expansion e. Employment is above the full level of employment
If an economy is operating at the natural rate of unemployment, it is OA) experiencing inflation....
If an economy is operating at the natural rate of unemployment, it is OA) experiencing inflation. B) in a recession. OC) producing at its full employment real GDP. D) in an expansion.
Without cyclical unemployment in the country, which isn’t true? Economy is at max employment level The...
Without cyclical unemployment in the country, which isn’t true? Economy is at max employment level The unemployment rate = 0% economy ‘s unemployment rate is at what we consider its natural rate Inflation rate with CPI shows: % change in the price level from one period to another period Real variables Average price level in one time period The value of intermediate goods is calculated in GDP by: Their value is not counted separately, but included as part of the...
Question 4 An economy has cyclical unemployment whenever Select the correct answer below: O equilibrium real...
Question 4 An economy has cyclical unemployment whenever Select the correct answer below: O equilibrium real GDP is less than the potential level of GDP o the economy produces an output equal to the potential level of GDP O equilibrium real GDP is more than the potential level of GDP O none of the above
Cyclical unemployment can best be described as the increase in unemployment when the economy is in...
Cyclical unemployment can best be described as the increase in unemployment when the economy is in a boom. o increase in unemployment when the economy is in a recession. amount of unemployment when real and potential GDP are equal. O increase in unemployment above the natural rate during and in the aftermath of recessions. O amount of unemployment when real and nominal GDP are equal.
The graph below shows an economy in macroeconomic equilibrium. Suppose the federal government increases block grants...
The graph below shows an economy in macroeconomic equilibrium. Suppose the federal government increases block grants to state and local governments. All else equal, illustrate the effect of this expansionary fiscal policy on macroeconomic equilibrium. Provide your answer below: Price Level Aggregate Supply Aggregate Demand Whenever equilibrium real GDP is below the full-employment level of GDP, we have Select the correct answer below: O a natural level of employment O cyclical unemployment O only frictional and structural unemployment higher than...
Which of the following best defines the natural rate of unemployment? Select one: .00 O It...
Which of the following best defines the natural rate of unemployment? Select one: .00 O It is the amount of unemployment that the economy normally experiences. O It is the rate associated with the highest possible level of GDP on It is the difference between long-run and short-run unemployment rates. It is the unemployment rate that would prevail with zero inflation k Support: 613-520-3700 or its
Price Level AD Real GDP Figure 9.6 In Figure 9.6, if full employment occurs at Qc...
Price Level AD Real GDP Figure 9.6 In Figure 9.6, if full employment occurs at Qc then aggregate demand is Too small, causing demand-pull inflation. Too small, causing cyclical unemployment Just right Too great, causing cyclical unemployment.
Which of the following statements is not correct? A. The Fed was created in 1913 to...
Which of the following statements is not correct? A. The Fed was created in 1913 to provide central banking functions. B. The Fed is a central bank of the U.S.; it plays a role in regulating banks; and it is responsible for conducting the nation's monetary policy C. The Fed makes loans to any qualified business that requests one. D. Federal Open Market Committee makes decisions regarding monetary policy. QUESTION 56 Which of the following statements is not true? A....
Which of the following statements is TRUE about the rates of unemployment? Select one: O a....
Which of the following statements is TRUE about the rates of unemployment? Select one: O a. Cyclical unemployment can never exceed structural unemployment b. Frictional unemployment can never exceed structural unemployment O c. Cyclical unemployment can never exceed the natural rate of unemployment O d. Structural unemployment can never exceed seasonal unemployment O e. Frictional unemployment can never exceed the natural rate of unemployment
If cyclical unemployment is positive, which of the following statements MUST be true? Select one: a. The natural rate of unemployment MUST be 7% O b. Unemployment is above the natural rate of unemployment O C. The unemployment rate is negative O d. The economy is experiencing an expansion e. Employment is above the full level of employment
If an economy is operating at the natural rate of unemployment, it is OA) experiencing inflation. B) in a recession. OC) producing at its full employment real GDP. D) in an expansion.
Question 4 An economy has cyclical unemployment whenever Select the correct answer below: O equilibrium real GDP is less than the potential level of GDP o the economy produces an output equal to the potential level of GDP O equilibrium real GDP is more than the potential level of GDP O none of the above
Cyclical unemployment can best be described as the increase in unemployment when the economy is in a boom. o increase in unemployment when the economy is in a recession. amount of unemployment when real and potential GDP are equal. O increase in unemployment above the natural rate during and in the aftermath of recessions. O amount of unemployment when real and nominal GDP are equal.
The graph below shows an economy in macroeconomic equilibrium. Suppose the federal government increases block grants to state and local governments. All else equal, illustrate the effect of this expansionary fiscal policy on macroeconomic equilibrium. Provide your answer below: Price Level Aggregate Supply Aggregate Demand Whenever equilibrium real GDP is below the full-employment level of GDP, we have Select the correct answer below: O a natural level of employment O cyclical unemployment O only frictional and structural unemployment higher than...
Which of the following best defines the natural rate of unemployment? Select one: .00 O It is the amount of unemployment that the economy normally experiences. O It is the rate associated with the highest possible level of GDP on It is the difference between long-run and short-run unemployment rates. It is the unemployment rate that would prevail with zero inflation k Support: 613-520-3700 or its
Price Level AD Real GDP Figure 9.6 In Figure 9.6, if full employment occurs at Qc then aggregate demand is Too small, causing demand-pull inflation. Too small, causing cyclical unemployment Just right Too great, causing cyclical unemployment.
Which of the following statements is not correct? A. The Fed was created in 1913 to provide central banking functions. B. The Fed is a central bank of the U.S.; it plays a role in regulating banks; and it is responsible for conducting the nation's monetary policy C. The Fed makes loans to any qualified business that requests one. D. Federal Open Market Committee makes decisions regarding monetary policy. QUESTION 56 Which of the following statements is not true? A....
Which of the following statements is TRUE about the rates of unemployment? Select one: O a. Cyclical unemployment can never exceed structural unemployment b. Frictional unemployment can never exceed structural unemployment O c. Cyclical unemployment can never exceed the natural rate of unemployment O d. Structural unemployment can never exceed seasonal unemployment O e. Frictional unemployment can never exceed the natural rate of unemployment
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