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WorksheetsUnemployment & Inflation
Total questions: 14
Worksheet time: 15mins
_______ occurs when people are in between jobs, entering and reentering the labor force.
Cyclical unemployment
Structural unemployment
Frictional unemployment
Seasonal unemployment
Who among the following would be considered as unemployed?
A graduating student of legal age to work
An entrepreneur in the process of starting a new business
A secretary who has resigned from work & looking at job ads
A housewife running 2 internet shops at the same time
When individuals lose jobs due to a decline in the economy (aggregate demand), often during an economic recession.
Structural Unemployment
Cyclical Unemployment
Frictional Unemployment
Seasonal Unemployment
Individuals are unemployed due to a lack in skills that modern industries need, change in technology.
Cyclical Unemployment
Frictional Unemployment
Structural Unemployment
Seasonal Unemployment
Most countries try to maintain an inflation rate of ______ per year.
One percent or less
Two to three percent
Four to five percent
Six to seven percent
Which of the following is NOT one of the components of Gross Domestic Product (GDP)?
Consumption
Producer Price Index
Government spending
Investment
Which of the following causes of inflation is often described as “too much money chasing too few goods”?
Demand-pull inflation
Cost-push inflation
Demand-push inflation
Cost-pull inflation
When inflation spirals out of control, it is called (a) (when prices increase by more than 50% per month).
Which of the following is an example of inflation?
The price of an iPhone rises as demand increases.
The price of a TV remains constant as quality improves.
The average price of a laptop decreases as the money supply increases.
The average price of groceries increases following an increase in the money supply.
