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new inflation

Authored by Brad Sievers

History

12th Grade

8 Questions

new inflation
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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following statements would be classified as “full employment’?

Everyone who wants to work has a job

Approximately 95% of people have a job

People who have been hunting for a job for a long time

Everyone who wants to work have full time jobs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______ occurs when people are in between jobs, entering and reentering the labor force.

Cyclical unemployment

Technological unemployment

Frictional unemployment

Seasonal unemployment

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Farm helpers are unemployed when the cropping season is over.

frictional

cyclical

structural

seasonal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who among the following would be considered as unemployed?

A graduating student of legal age to work

An entrepreneur in the process of starting a new business

A secretary who has resigned from work & looking at job ads

A housewife running 2 internet shops at the same time

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When individuals lose jobs due to a decline in the economy (aggregate demand), often during an economic recession.

Structural Unemployment

Cyclical Unemployment

Frictional Unemployment

Seasonal Unemployment

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sum of the employed and the unemployed

Employed

Unemployment

Labor Force

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A general increase in prices is called

inflation

purchasing power

the CPI

a price index

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