WorksheetsMacro: Unemployment & Inflation
Total questions: 15
Worksheet time: 3mins
Who has the Congressional mandate of helping create full employment?
Congress
President
Courts
the FED
The labor force includes
the employed only
the unemployed only
the entire country's population
both the employed and unemployed
Which of the following is NOT employed?
30 year old active military
16 year old paperboy
49 year old public school teacher
Not working for one week but actively sought work at least one time in the last four weeks
The equation for calculating unemployment is
(unemployment / workforce) x 100
(unemployed + employed) / workforce x 100
(employed / workforce) x 100
(unemployed / country population) x100
Who gathers the data for the unemployment rate?
US Congress
US bureau of labor statistics
the census bureau
employers
What type of unemployment: lost job to an automatic check out machine at Target.
cyclical
frictional
structural
seasonal
What type of unemployment: Coronavirus shuts things down
frictional
structural
seasonal
cyclical
What type of unemployment: Mr Goldsmith quite Creighton Prep in May, but knows he is starting at Waverly in August.
seasonal
frictional
structural
cyclical
T or F: The more education, the more likely to be unemployed
True
False
A general rise in the prices of goods and services is called
inflation
deflation
hyperinflation
taxes
T or F: Inflation erodes your purchasing power
true
false
When someone says, "I remember when gas was .50 cents" they are referring to what type of price?
nominal
real
To calculate the inflation rate
(new-old / new) x 100
(new-old / old) x 100
(new / old) x 100
(new + old/ old) x 100
What index is used to measure inflation by the BLS?
the unemployment index
the misery index
the consumer price index
the textbook index
Who is better off with inflation and who is worst off?
borrowers. lenders
lenders. borrowers
