31.When there is unemployment caused by a lack of consmer spending, we classify this type of unemployment as?Required to answer. Single choice.

Seasonal

Cyclical

Wait

32.The labor-force participation rate is the percentage of the adult population who are in theRequired to answer. Single choice.

population

labor force

33.During business cycles the opposite of a trough isRequired to answer. Single choice.

expension

contraction

a peak

34.what are the components of income____________________Required to answer. Single choice.

Y=C + I + G + NX

Y=C + I + G + Imp

Y=C + I + G +exp

35.Stagflation occurs when the economy experiencesRequired to answer. Single choice.

rising prices and high unemployment

rising prices and rising output

falling prices and falling output

36.

6% inflation rate means that an average basket of goods you purchased this year is ________________Required to answer. Single choice.

12% more expensive

6% more expensive

37.Used goods are not included in the ______________Required to answer. Single choice.

calculation of GNP

calculation of GDP

38.What is the best definition of cost-push inflation?Required to answer. Single choice.

Price rising due to an excessive growth in aggregate spending

Price rising due to an increase in the price of a firm's inputs.

39.One of the most important objectives of monetary

policy in in recent years has been the............Required to answer. Single choice.

rapid economic growth

economic stability

political stability

The money supply, government purchases, and taxation