1)What does it mean to say that the country is operating at full employment?

2)What is "natural" about natural unemployment?

3)What is the difference between a job leaver and a re entrant?

4)If the CPI is 150 and nominal income is $100,000, what does real income equal?

5)Suppose 60 million people are employed, 10 unemployed, and 30 million not in the labor force. What does the civilian no institutional population equal?

6)Suppose 100 million people are in the civilian labor force and 90 million people are employed. How many people are unemployed? What is the unemployment rate?