Question 51 pts The the unemployment rate and the the rate
Question 51 pts
The _____ the unemployment rate and the _____ the rate of inflation, the higher the misery index.
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Question 61 pts
Which of the following would be an example of the discouraged worker effect
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Question 71 pts
If inflation falls from 5% to 3% to 1.3% it is sometimes called
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Question 81 pts
Which of the following would cause cost push inflation?
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Question 91 pts
The unemployment rate is the
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Question 101 pts
Which of the following statements best describes the problem of stagflation?
| lower; higher |
Solution
51) High unemployment and high inflation create high misery. Therefore the fourth option is correct.
61) Discouraged workers are those who were looking for work but have given up. Thus the second option is correct
71)Disinflation means the inflation rate is declining over time but remain positive. Thus the second option is correct
81) Cost-push inflation means inflation occurs due to increase in the price of input like raw materials, labour etc. Therefore the third option is correct.
