Unemployment review

Unemployment review - likely to lose from inflation? A....

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    Unemployment review
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    The type of unemployment that is  characterized by a mismatch between the  skills possessed by people looking for  work and currently available jobs is  referred to as: A. Structural unemployment. B. Frictional unemployment. C. Cyclical unemployment. D. Regional unemployment.
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    The Phillips curve illustrates A. The negative association between the inflation and unemployment rate B. The positive association between the inflation and unemployment rate C. The one to one trade-off between inflation and unemployment D. The positive association between price level and quantity of output
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    Stagflation refers to the simultaneous  existence of: A. High inflation and high unemployment. B. High inflation and low unemployment. C. Falling inflation and rising unemployment. D. Low inflation and high unemployment. E. Low inflation and low unemployment.
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    Which of the following groups is most 
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Unformatted text preview: likely to lose from inflation? A. Debtors B. Creditors C. Borrowers D. Owners of property Leftward shifts of the aggregate supply curve normally initiate ____ while rightward shifts of aggregate demand normally initiate ____. A. Demand-push inflation; cost-pull inflation B. Cost-push inflation; demand-pull inflation C. Increases in price; decreases in price D. Demand-pull inflation; cost-push inflation E. Cost-pull inflation; demand-push inflation The national debt is defined as A. The total amount that U.S. citizens owe to foreigners. B. The total value that U.S. citizens borrow from foreigners during any time C. The total amount by which government's expenditures exceed receipts D. The total value of government's indebtedness at any moment in time....
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This note was uploaded on 04/27/2009 for the course ECON 104 taught by Professor Shaffer during the Spring '08 term at Kansas.

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Unemployment review - likely to lose from inflation? A....

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