Macroeconomic Exam

Macro Final Exam
Student: ____________________________
 H. Ross Pearlmutter is a crackerjack salesperson. He could probably sell anything to anyone. The company he works for goes out(a) of business. Until he finds a new position, Mr. Pearlmutter is _____ unemployed. 
A. frictionally
B. structurally
C. cyclically
D. psychologically
 
Junior Ozark dresses for job interviews in bib overalls, a red lumberjack shirt, and torn basketball game sneakers. He has been looking for a job as an investment banker ever since he dropped out of high school. He is nowadays 46 years old and has never held a job. Mr. Ozark is _____ unemployed. 
A. frictionally
B. structurally
C. cyclically
D. psychologically
 
 In general _____ by unanticipated inflation. 
A. creditors and debtors be both helped
B. creditors and debtors argon both hurt
C. creditors are helped and debtors are hurt
D. creditors are hurt and debtors are helped
 
 Demand-pull inflation is often summed up as 
A. too legion(predicate) dollars chasing too few goods.
B. the wage-price spiral.
C. profit-push inflation.
D. supply-side cost shock inflation.
 
The real lay out of interest 
A. is always negative.
B. can be negative.
C. can never be negative.
D. is always zero.
 
 Inflation generally occurs 
A. in wartime.
B.  originally wars.
C. during recessions.
D. in peacetime.




 
 Traditionally those hurt by inflation buzz off been 
A. creditors and people on furbish up incomes.
B. debtors and people on fixed incomes.
C. debtors and creditors.
 
   
 
organize Y is in the _____ phase of the business cycle. 
A. prosperity
B. recovery
C. depression
D. recession
E. acceleration
 
 Point X is in the _____ phase of the business cycle. 
A. prosperity
B. recovery
C. recession
D. depression
E. acceleration
 
 During unanticipated inflation, 
A. savers lose.
B. borrowers gain.
C. lenders lose.
D.  question about the future rises.
E. All of the above.
 
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