Macroeconomics

1 . Frictional unemployment might be _______a . good since that operator people may be seeking contemplates that match their job skillsb . good because people learn how other folks livec . big(p) because people argon not loafting a paycheckd . gravely because people are out of work2 . Deviations from the natural rate of unemployment are known as ______ .a . frictional unemploymentb . structural unemploymentc . random unemploymentd . alternating(prenominal) unemployment3 . When the widening gap is negative the existent unemployment rate is ______a . preceding(prenominal) the natural rateb . below the natural ratec . jibe to the natural rated . the actual and natural unemployment rates are not related to the output gap4 . Wages may be sticky in the pitiful run due to _______a . so few workers being unionizedb . firms abstracted to make a profit at the expense of employeesc . administration regulationd . some(prenominal) wages being governed by foresighted-term contracts5 . If workers postulate a lower rate of inflation , the short Phillips weave leave ______a . remain constant , but there will be a movement down the curveb . be unaffectedc . commove upd . shift down6 . Which of the following would be the BEST explanation for an upward-sloping short-run aggregate supply curvea . Prices are perfectly flexibleb . Wages are perfectly flexiblec . Wages and prices of some goods are sticky in the short rund . Wages and prices of some goods are flexible in the short run but sticky in the long run7 . In the long run , any given fate increase in the money supply ______a . decreases original GDPb .

leads to an equal percentage increase in the overall price levelc . increases real GDPd . leads to an equal percentage decrease in the unemployment rate8 . Seigniorage refers to the ______a . problems faced by Social Security as the population agesb . governments right to instill moneyc . problems senior citizens face in retirementd . problems created when the government prints too more money9 . Unexpected inflation _______a . affects everyone the sameb . affects only consumersc . affects only business firmsd . helps some people but hurts others10 . If the economy is in a liquidness trap _______a . both monetary and fiscal policies are effectualb . uncomplete monetary nor fiscal policy is hard-hittingc . monetary policy is effective , but fiscal policy is notd . fiscal policy is effective , but monetary policy is notMultiple Choice Questions...If you want to get a full essay, order it on our website: Ordercustompaper.com

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