Unemployment and Inflation

Unemployment and Inflation

12th Grade

25 Qs

quiz-placeholder

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Unemployment and Inflation

Unemployment and Inflation

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Robert Hendy

Used 41+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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