In September 2014, 32 percent of unemployed workers had been unemployed for 6 months or more. This long-term unemployment is of particular concern because
A) long-term unemployment is the most costly type of unemployment.
B) the U-3 unemployment rate no longer includes these workers in the measurement since they are long-term unemployed.
C) the employment-to-population ratio no longer includes these workers in the measurement since they are long-term unemployed.
D) the labor force participation rate no longer includes these workers in the measurement since they are long-term unemployed.
A
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In which of the following sets of circumstances can we confidently expect inflation?
A. Aggregate supply decreases and aggregate demand increases. B. Aggregate supply increases and aggregate demand decreases. C. Aggregate supply and aggregate demand both increase. D. Aggregate supply and aggregate demand both decrease.
The development most responsible for the wide-spread introduction of macroeconomic models built upon solid microeconomic foundations was the
A) work of John Maynard Keynes. B) rational expectations revolution. C) popularization of supply-side economics. D) development of the Keynesian coordination failure model.
If the CPI was 140 at the end of 2007 and 150 at the end of 2008, what was the inflation rate in 2008?
A) 10 percent B) 6.67 percent C) 6.25 percent D) 7.14 percent E) 8 percent
An increase in real net exports leads to an increase in real GDP. Further
A. real consumption spending and real saving increase. B. real consumption spending increases while real investment spending decreases. C. real consumption spending increases but real saving does not change. D. real government spending decreases to offset the increase in real net exports.