WorksheetsInflation & Unumployment
Total questions: 10
Worksheet time: 5mins
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
A peak in business cycle is indicated by ______ unemployment and _______ output.
higher ; lower
lower ; higher
decreasing ; increasing
increasing ; decreasing
Refers to an increase in the general price level associated with an increase in the cost of production.
Supply Inflation
Cost Push Inflation
Imported Inflation
Demand Pull Inflation
Course Code for Macroeconomics.
DPB1023
DPB2023
DPB3023
DPB4023
The lowest point in the business cycle is
peak
boom
trough
recession
_______ occurs when people are in between jobs, entering and reentering the labour force.
Cyclical unemployment
Technological unemployment
Frictional unemployment
Seasonal unemployment
Laksa Penang
Laksa Sarawak
Laksam
Laksa Kelantan
The situation in the economy where all available resources are employed is called______.
underemployment
employment
unemployment
full employment
Which of the following would be classified as direct control using by government to control inflation?
Reserve requirement
Price Rationing
Discount rate
Selective credit control
