Homework 1, Chapters 4-6 Due in class on Friday, February 13. As originally posted question 14 did not have a correct answer. This has been rectified. Rapid economic growth, stable prices and __________ are the three important macroeconomic goals about which most economists agree. 1. an unemployment rate of zero. 2. zero inflation. 3. full employment. 4. a high exchange rate. 5. low interest rates. If the unemployment rate is 6 percent, that means that 6 percent of 1. the population is not working 2. potential workers do not have jobs 3. the workforce is not working at that time 4. the individuals who are looking for work cannot find jobs 5. people who want to work cannot find jobs Over the past 75 years, the inflation rate has 1. generally increased 2. been positive in most years 3. stayed low 4. been negative in most years 5. dramatically increased During the Great Depression, the unemployment rate peaked at about (1)25 percent (2)20 percent (3)15 percent (4)10 percent (5)5 percent.
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