SP10+E202+Homework+2+practice+ex1

SP10+E202+Homework+2+practice+ex1 - 1) Tobe countedin...

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1) 
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To be  counted in  the labor  force 
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a person has to be  working at least 40  hours per week. 
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a person has to be at  least 16 or older,  have a job, or if  unemployed is  actively seeking  employment. 
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a person has to be  working or if  unemployed actively  seeking employment. 
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a person has to be  over 16 years of age. 
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If economic  policy  makers can  keep the  economy  growing at a  steady pace,  it can reduce 
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frictional  unemployment. 
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B) 
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structural  unemployment. 
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seasonal  unemployment. 
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D) 
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cyclical  unemployment. 
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Which of  these  declines  during  periods of  inflation? 
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The consumer price  index 
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B) 
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The producer price  index 
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The GDP deflator 
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D) 
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The purchasing  power of money 
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If there is  positive,  unanticipated  inflation, the  winners are  
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creditors. 
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B) 
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savers. 
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borrowers. 
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D) 
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people on fixed  incomes. 
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Which one of  the following  is NOT  included in  GDP? 
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The federal  government pays a  defense contractor to  develop a new  weapons system. 
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You volunteer to  organize a  neighborhood watch  group on your block. 
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This note was uploaded on 02/02/2010 for the course ECON-E 202 taught by Professor Nahn during the Spring '08 term at Indiana.

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SP10+E202+Homework+2+practice+ex1 - 1) Tobe countedin...

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