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Worksheets

Unemployment & Inflation

Total questions: 20

Worksheet time: 16mins

Name
Class
Date
1.

The _______ considers the weighted averages of a group of consumer goods and services.

a)

Consumer price index

b)

Aggregate supply

c)

Producer price index

d)

Aggregate demand

2.

__________ refers to a decrease in price level.

a)

Hyperinflation

b)

Disinflaation

c)

Deflation

d)

Stagflation

3.

Which of the following causes of inflation is often described as “too much money chasing too few goods”?

a)

Demand-pull inflation

b)

Cost-push inflation

c)

Demand-push inflation

d)

Cost-pull inflation

4.
What is inflation?
a)
rise in all prices
b)
rise in most prices
c)
rise in some prices
d)
rise in general prices
5.
Demand-Pull inflation can be describes as too many _________ chasing too few __________
a)
jobs, workers
b)
consumers, producers
c)
dollars, goods
6.
What 2 types of inflation are there?
a)
demand pull and cost push
b)
demand pull and supply glut
c)
supply glut and demand side
d)
supply inflation and demand inflation
7.
What the definition of deflation? 
a)
decrease in the average price of goods and services
b)
occurs when the price of goods and services rise
c)
increase in prices
d)
I don't know
8.
GDP that is adjusted for inflation
a)
real GDP
b)
nominal GDP
c)
price level
d)
net national product
9.
If aggregate demand rises faster than producers can supply goods services
a)
demand-pull inflation
b)
cost-push inflation
c)
inflation
10.
What causes cost push inflation
a)
An increase in demand for goods and services
b)
An increase in supply
c)
A rise in production costs passed on to consumers
d)
A fall in the price of imports
11.

Discouraged workers in

the economy implies that the measurement of unemployment...

a)

understates the true unemployment rate

b)

overstates the true unemployment rate

c)

correctly measures the true unemployment rate

d)

doubles the unemployment rate

12.

If operators are fired and replaced with computer technology, the operators would be considered

a)

frictionally unemployed

b)

structurally unemployed

c)

cyclically unemployed

d)

dissatisfiededly unemployed dissatisfiededly unemployed

13.

The unemployment rate will drop if

a)

A person is hired into a new job

b)

Someone who was previously laid off is rehired

c)

An unemployed person stops looking

d)

ALL of these answers are CORRECT

14.

Which of these people is officially unemployed

a)

A secretary who took 6 months off for maternity leave

b)

An aspiring actress who waits tables but would rather act

c)

Maid who got fired and will start a new job in 2 weeks

d)

A student who only works 4 hours a week in the library

15.

What was the first Marvel Movie

a)

The Incredible Hulk

b)

Iron man

16.
How many Harry Potter movies are there?
a)
5
b)
9
c)
8
d)
7
17.
In what Disney film do you find a group of vegetarian sharks?
a)
Toy Story
b)
Mulan
c)
Finding Nemo
d)
Sleeping Beauty
18.
What Disney film contains the classic song 'Be Our Guest'?
a)
Cinderella 
b)
Beauty and the Beast
c)
Aladdin
d)
Mulan
19.
What is the name of Woody's owner in Toy Story?
a)
Andy
b)
Ryan
c)
Mark
d)
Andrew
20.

Which Avenger does Thor team up with in Thor: Ragnarok?

a)

Hulk

b)

Hawkeye

c)

Iron Man

d)

Captain America