Macroeconomics

Front

Which type of unemployment is caused by employee skills that are obsolete and no longer needed?

Back

structural

Front

What type of unemployment is caused by contractions in the business cycle?

Back

cyclical

Front

An recent college graduate just entering the work force and searching for a job would be experiencing ______ unemployment.

Back

frictional

Front

Which of the following jobs would be considered seasonal?
snow plow driver, cashier at a grocery store, part-time veterinary tech, traveling nurse

Back

snow plow driver

Front

The Consumer Price Index measures:

Back

inflation rates

Front

Point A on the graph is:

Back

peak

Front

Point D on the graph is a period of: contraction, expansion, recession, decline

Back

expansion

Front

The natural rate of unemployment is between:

Back

4% and 6%

Front

GPD that is adjusted for inflation is called:

Back

real GDP

Front

The CPI measures a _____ _______ of goods and services.

Back

market basket