WorksheetsMacroeconomics
Total questions: 10
Worksheet time: 5mins
Which type of unemployment is caused by employee skills that are obsolete and no longer needed?
structural
seasonal
frictional
cyclical
What type of unemployment is caused by contractions in the business cycle?
structural
seasonal
cyclical
frictional
An recent college graduate just entering the work force and searching for a job would be experiencing ______ unemployment.
structural
cyclical
seasonal
frictional
Which of the following jobs would be considered seasonal?
snow plow driver
cashier at a grocery store
part-time veterinary tech
traveling nurse
The Consumer Price Index measures:
GDP
unemployment rates
inflation rates
new industry in the nation
Point A on the graph is:
trough
period of contraction
peak
recovery
Point D on the graph is a period of:
contraction
expansion
recession
decline
The natural rate of unemployment is between:
3% and 6%
2% and 4%
4% and 7%
4% and 6%
GPD that is adjusted for inflation is called:
nominal GDP
real GDP
The CPI measures a _____ _______ of goods and services.
grocery cart
shortage or surplus
market basket
picnic basket
