34) Full employment is considered to be the equivalent of the natural rate of unemployment.

True

False

35) An economy has 100,000 residents. There are 46,000 people with full-time jobs, 14,000 people with part-time jobs, and 4,000 unemployed people who are actively looking for work. The unemployment rate for this economy is 6.3%.

True

False

38) The costs of inflation are greater when it is unanticipated.

True

False

40)

(Table) According to the table, the GDP deflator for 2012 is

72.8.

100.

0.

1.

41) Jobless recoveries prolong unemployment above the nonaccelerating inflation rate of unemployment.

True

False