Quiz_03 - Points Awarded 9.00 Points M issed 1.00...

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Unformatted text preview: Points Awarded 9.00 Points M issed 1.00 Percentage 90.0 % 1. Official unemployment rates may under estimate the true rate of unemployment because the official rate A) includes those workers who only work part time. B) may include some individuals who are not actually in the labor force. C) does not include individuals receiving any type of unemployment compensation. D) fails to include discouraged workers. Points Earned: 1.0/1.0 2. Unanticipated inflation arbitrarily: A) Subsidizes those who receive fixed money incomes. B) Taxes those who receive fixed money incomes C) Penalizes those who borrow money. D) Benefits those who save money. Points Earned: 1.0/1.0 3. Robert received a $100 gift certificate to a bookstore a year ago. The economy has been in an inflationary period for the last year. This gift certifcate is A) expressed in real terms and is now worth more than it was a year ago....
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This note was uploaded on 10/08/2010 for the course ECON 002 taught by Professor Mcleod,markpehlivan,ayseozg during the Summer '08 term at Pennsylvania State University, University Park.

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Quiz_03 - Points Awarded 9.00 Points M issed 1.00...

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