poli econ final review

poli econ final review - 1. True or false: The consumer...

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1. True or false: The consumer price index is the best measurement of the rate of inflation. 2. ________ is another name for labor turnover, when new workers enter the workforce as old ones retire or die and when workers change jobs. a. Seasonal Unemployment b. Cyclical Unemployment c. Frictional Unemployment d. Structural Unemployment 3. A periodic jump of ____% in the CPI is generally accepted as the on-set of inflation? a. 1% b. 2% c. 3% d. 4% 4. True or false: Increases in the CPI are both an indication of increased prices as well as consumer confidence to spend money. 5. While both a recession and inflation is feared by economists, which is considered worse? a. Inflation b. Recession c. Losing the iron bowl d. None of the above 6. Rising interest rates (the cost of borrowing money) are a sign of what? a. Expanding economy b. Contracting economy c. A new Cam Newton rumor d. All of the above 7. Every other president since Franklin Roosevelt has, in one form or another, implemented a macro-economic policy except: a. Jimmy Carter b. Dwight Eisenhower c. Gerald Ford
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poli econ final review - 1. True or false: The consumer...

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