Economics Quiz on Inflation and Unemployment

Providing training and technical education is a measure to:

Which of the following is not a type of unemployment?

• Frictional unemployment

• Structural unemployment

• Seasonal unemployment

• Cyclical unemployment

CPI is used to measure:

• Unemployment

• Inflation

• Economic growth

• Interest rates

Which of the following is not a type of inflation?

• Demand-pull inflation

• Cost-push inflation

• Structural inflation

• Hyperinflation

Cost-push inflation occurs due to:

• An increase in production costs

• A decrease in wages

• A drop in demand

• None of the above

What is inflation?

• A sustained increase in the general price level

• A decrease in the general price level

• An increase in the value of money

• None of the above

A discouraged worker is:

• Actively seeking employment

• Not included in the labour force

• A retired individual

• A student

Job creation in various sectors helps reduce unemployment by:

• Increasing the cost of production

• Decreasing government spending

• Expanding different economic sectors

• Increasing taxes

Import-push inflation is due to:

• Decrease in the cost of production

• Increase in foreign exchange rates

• Increase in domestic production

• Decrease in wages

Inflation generally results in:

• Equal income distribution

• Increase in investment

• Decrease in saving

• Surplus in the balance of trade