1.

To understand structural unemployment in an economy, the __________ must also be considered in addition to the unemployment rate.

a. Cyclical unemployment

b. Labor participation rate

c. Inflation rate

d. Frictional unemployment

2.

If China can return to high single-digit real growth rates for the long-term, approximately how long will it take for the standard of living in China to double?

Group of answer choices

a. ~ 70 years

b.

c. ~ 140 years

d. ~ 35

3.

(2 points) Please consider the excerpt from the Wall Street Journal on May 3, 2021. Much of the trillions of dollars in global savings accumulated during the pandemic is held by richer, older people less likely to use it. (mm "Use it\" in this excerpt refers to Give it to charity Purchase goods and services Purchase stocks and bonds Leave it in their savings account (2 points) Please consider this graph from the Wall Street Journal on April 22, 2021. Effective federal funds rate 7% 1995 2000 Source: Federal Reserve via the St. Louis Fed The depicted effective fed funds is a interest rate. The period from 2005 through 2007 saw fairly policy. O Real; contractionary; monetary Nominal; contractionary; fiscal Real; expansionary; monetary Nominal; contractionary; monetary Real; contractionary; fiscal Real; expansionary; fiscal Nominal; expansionary; monetary O Nominal; expansionary; fiscal