Macro. chapters 21 & 22

The extent of _______________________ will depend on how easy it is for workers to learn about alternative jobs, which may reflect the ease of communications about job prospects in the economy.

If the unemployment rate is 8 percent, then this means:

A lender demands an interest rate in part to compensate for any expected ___________, so that the money that is repaid in the future will have at least as much buying power as the money that was originally loaned.

With regard to the economy, the term negative inflation is synonymous with which of the following?

One of the reasons that a rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer's true cost of living, is:

The __________________ is the nominal interest rate minus the rate of inflation.

Karen chooses to go to university fulltime rather than to work. Karen:

While one occasionally sees references to inflation over short time periods, the term typically implies a(n)_____________ in prices.

The type of unemployment that occurs because of a recession is called:

The most commonly cited measure of inflation in the United States is:

The Producer Price Index is based on prices paid for supplies and inputs by:

The basket of goods in the Consumer Price Index consists of about _________ products; that is, several hundred specific products in over __________ broad-item categories.

The percentage change in the price level from one time period to the next, whether the price level is measured in terms of money or as a price index, will be the _____________.

In the early 1990's extremely high inflation rates of 2500% were common in Russia. During that time, we can say that as a result of those inflation rates, Russia was experiencing ___________________.

The situation where the buying power of money in terms of goods and services increases is called:

The unemployment rate may underestimate the true extent of unemployment if:

The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce:

When a price, wage, or interest rate is adjusted automatically with inflation, it is said to be __________.

Frictional unemployment occurs when:

During the deep recessions of the early 1980s and of 2007-2009, unemployment reached roughly __________.

A payment is said to be ________________ if it is automatically adjusted for inflation.

What name is given to the index based on the prices of exported or imported merchandise?

Which of the following statements is incorrect?

The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals:

Inflation implies that the level of all prices _____________________.