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Economic Fluctuations, Unemployment, and Inflation
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Macroeconomics Private and Public Choice

Business

Quiz 8 :
Economic Fluctuations, Unemployment, and Inflation

Quiz 8 :
Economic Fluctuations, Unemployment, and Inflation

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Over the past century, the growth rate of real GDP in the United States has averaged approximately
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B

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Economists use the term "business cycle" to refer to
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C

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The labor force participation rate of women in the United States has been
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A

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Suppose there was a country with an adult (age 16 and over) population of 1,000, of which 100 were unemployed and 700 were employed. Which of the following is true?
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The type of unemployment caused by changes in the business cycle is
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Frictional unemployment is the result of
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Suppose an economy is operating at its maximum sustainable output rate. Neither recession nor economic boom are present. Which of the following would be true?
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Which of the following individuals would be considered unemployed by the official government definition?
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Suppose that the consumer price index at year-end 2008 was 140 and by year-end 2009 had risen to 150. What was the inflation rate during 2009?
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Which of the following is true?
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The distinguishing characteristics of business cycles are
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Economists use the phrase "business cycle" when referring to fluctuations in
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The period of declining growth in real GDP between the peak of the business cycle and the trough is called the
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The period of growth in real GDP between the trough of the business cycle and the next peak is called the
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Which of the following will most likely occur during the contractionary phase of a business cycle?
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Which of the following will most likely occur during the expansionary phase of a business cycle?
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The recessionary phase of the business cycle is characterized by
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The expansionary phase of the business cycle is characterized by
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During a sustained economic expansion,
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During a period of rapid growth in output,
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