A peak in business cycle is indicated by ______ unemployment and _______ output.
Unemployment and Inflation

Quiz
•
Social Studies
•
12th Grade
•
Medium
Robert Hendy
Used 41+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
higher ; lower
lower ; higher
decreasing ; increasing
increasing ; decreasing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______ occurs when people are in between jobs, entering and reentering the labour force.
Cyclical unemployment
Technological unemployment
Frictional unemployment
Seasonal unemployment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This inflation results from an inefficient market or structure of the economy.
Cost push inflation
Demand pull inflation
Divisional inflation
Structural inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Farm helpers are unemployed when the cropping season is over.
frictional
cyclical
structural
seasonal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When individuals are unemployed due to a change in season, e.g. Santa Claus after christmas.
Seasonal Unemployment
Frictional Unemployment
Structural Unemployment
Cyclical Unemployment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sum of the employed and the unemployed
Employed
Unemployment
Labor Force
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a change in income appears permanent such as being promoted to a secure and high paying job, __________________.
then people are likely to consume less.
then people are likely to save more.
then people are likely to consume more.
then people are likely to save less.
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