Principles of Macroeconomics: A Study Guide

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Chapter 7: Long-Run and Short-Run Concerns; Growth, Productivity, Unemployment, and Inflation True or False
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1. An increase in the number of workers in the economy results in an increase in productivity. TRUE FALSE 2. The average growth rate of output in the U.S. economy since 1900 has been about 3.4% per year. TRUE FALSE 3. The growth rate of productivity in the United States increased during the 1950s and 1960s; then it began to decrease after the early 1970s. TRUE FALSE
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4. Since the early 1950s, the unemployment rate has gone up and down, but the labor- force participation rate has grown steadily. TRUE FALSE 5. If the labor force were more mobile, the unemployment rate would tend to be lower.
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Unformatted text preview: TRUE FALSE 6. Between 1982 and 2000, the demographic group with the highest unemployment rate in the United States was African American women. TRUE FALSE 7. An increase in the number of discouraged workers results in an increase in the unemployment rate. TRUE FALSE 8. As jobs become more differentiated, the frictional unemployment rate tends to rise. TRUE FALSE 9. The sum of the frictional and the natural rates of unemployment equals the structural rate of unemployment. TRUE FALSE 10. During a recession, the rate of unemployment rises. TRUE FALSE...
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