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s Question Completion Status: QUESTION 46 The consumer price index was 177.1 in 2001 and 179.9 in 2002. Therefore, the rate o

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46) Rate of inflation = (CPI 2002 – CPI 2001)*100/CPI 2001 = (179.9 – 177.1)*100/177.1 = 1.58%. Select 1.6%.

47) Cyclical unemployment. This is because it measures the rate of unemployment associated with business cycles of recessions and expansions. Frictional unemployment is associated with job market frictions in matching job seekers with employers and structural unemployment is associated with structural changes occurring in the economy.

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