Quiz #1 Version 2 1. Frictional unemployment is joblessness a. related to changes in weather and similar factors b. arising from a mismatch between available jobs and workers' skills c. resulting from macroeconomic fluctuations d. that is short-term and is experienced by people who are between jobs e. that is caused by structural changes in the economy 2. What are the three important macroeconomic goals about which most economists, and society at large, agree? a. economic growth, full employment, and low interest rates b. economic growth, full employment, and stable prices c. economic growth, zero unemployment, and falling prices d. economic growth, low unemployment, and a balanced budget e. economic growth, a balanced budget, and balanced international trade 3. The largest component of GDP is a. tax revenue b. government purchases of goods and services
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This note was uploaded on 03/15/2009 for the course ECON 202 taught by Professor Brucemcgough during the Spring '09 term at Oregon State.