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The natural rate of unemployment can be defined as the
Economic Growth
The construction of a new house
the deviation in the actual rate of unemployment away from the natural rate.
Gasoline purchased by an insurance agent to visit clients at their homes
economy’s long-run equilibrium rate of unemployment
A person who stayed at home to raise his kids and now starts looking for a job
Persons who were fired from their previous jobs and are actively applying for work
Output has increased by 4 percent
Cyclical unemployment is characterized as:
Economic Growth
The construction of a new house
the deviation in the actual rate of unemployment away from the natural rate.
Gasoline purchased by an insurance agent to visit clients at their homes
economy’s long-run equilibrium rate of unemployment
A person who stayed at home to raise his kids and now starts looking for a job
Persons who were fired from their previous jobs and are actively applying for work
Output has increased by 4 percent
Which of the following would be an example of an intermediate good or service?
Economic Growth
The construction of a new house
the deviation in the actual rate of unemployment away from the natural rate.
Gasoline purchased by an insurance agent to visit clients at their homes
economy’s long-run equilibrium rate of unemployment
A person who stayed at home to raise his kids and now starts looking for a job
Persons who were fired from their previous jobs and are actively applying for work
Output has increased by 4 percent
Which of the following is true if real GDP in Year 1 is $5,000 and in Year 2 is $5,200?
Economic Growth
The construction of a new house
the deviation in the actual rate of unemployment away from the natural rate.
Gasoline purchased by an insurance agent to visit clients at their homes
economy’s long-run equilibrium rate of unemployment
A person who stayed at home to raise his kids and now starts looking for a job
Persons who were fired from their previous jobs and are actively applying for work
Output has increased by 4 percent
Which of the following people would be considered unemployed?
Economic Growth
The construction of a new house
the deviation in the actual rate of unemployment away from the natural rate.
Gasoline purchased by an insurance agent to visit clients at their homes
economy’s long-run equilibrium rate of unemployment
A person who stayed at home to raise his kids and now starts looking for a job
Persons who were fired from their previous jobs and are actively applying for work
Output has increased by 4 percent
Which of the following will be counted as unemployed by the United States Bureau of Labor Statistics?
Economic Growth
The construction of a new house
the deviation in the actual rate of unemployment away from the natural rate.
Gasoline purchased by an insurance agent to visit clients at their homes
economy’s long-run equilibrium rate of unemployment
A person who stayed at home to raise his kids and now starts looking for a job
Persons who were fired from their previous jobs and are actively applying for work
Output has increased by 4 percent
Which of the following could be counted as investment when calculating gross domestic product?
Economic Growth
The construction of a new house
the deviation in the actual rate of unemployment away from the natural rate.
Gasoline purchased by an insurance agent to visit clients at their homes
economy’s long-run equilibrium rate of unemployment
A person who stayed at home to raise his kids and now starts looking for a job
Persons who were fired from their previous jobs and are actively applying for work
Output has increased by 4 percent
Which of the following indicates that the macroeconomy is achieving its economic goals?
Economic Growth
The construction of a new house
the deviation in the actual rate of unemployment away from the natural rate.
Gasoline purchased by an insurance agent to visit clients at their homes
economy’s long-run equilibrium rate of unemployment
A person who stayed at home to raise his kids and now starts looking for a job
Persons who were fired from their previous jobs and are actively applying for work
Output has increased by 4 percent
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