1 ___________________, this type of inflation is too high and can be 'mortal' to the economy.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

2 __________________ is the percentage of the working age population which is unemployed.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

3 When someone is unemployed, they can get ______________________from the government.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

4 ______________________ unemployment means some workers are not needed for the entire year because of the nature of the job.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

5 Inflation that occurs because an increase in taxes, raw material and labour cost is called___________________

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

6 During inflation, ________________________ get reduced because interest rates are high and loans expensive.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

7 ___________________ is reduced when the inflation rate increases.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

8_________________occurs when there is too much money chasing too few goods

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

9___________________ a persistent and continuous increase in prices.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

10 The natural unemployment that is connected to the business cycle is called ________________.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

11 __________________ - the type of unemployment that occurs when the skills of an employee no longer meet the needs of the employer.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

12 When people leave their jobs voluntarily, and do not have a new job yet, we call it _______________unemployment.

A) purchasing power

B) frictional

C) inflation

D) cost push inflation

E) unemployment rate

F) structural

G) cyclical

H )hyperinflation

I) investment

J )seasonal

K) unemployment benefits

L )demand pull inflation

13 Identify each event as cost-push or demand-pull inflation:

________________ The price of gasoline increases resulting in the price of electricity increasing.

a) demand pull

b) cost push

14________________ The 5% increase in taxation affecting the price quoted by car dealers.

a) demand pull

b) cost push

15 ________________ The cost of computers goes up during the coronavirus.

a) demand pull

b) cost push

16 ________________The price of airline tickets goes up during Christmas holidays

a) demand pull

b) cost push