35. When the Federal Reserve monitors the status of the labor market, one of the variables it considers is the:

Size of the federal deficit

Employment-population ratio

Balance of trade

Money supply growth rate

36. Which of following observations is consistent with an increase in the expected rate of inflation over the next several years?

Recent declines in the supply of housing

Forecasts that expansionary policy will lead to equilibrium GDP being more than potential GDP

The failure of alternative currencies such as Bitcoin to be viewed as viable mediums of exchange

Evidence that the value of dollar will increase in 2021-2022

37.Which of the following statements is the best way to describe the U.S. economy during the second and third quarters of 2020? There was a:

Decline in unemployment and increase in inflation as predicted by the Phillips Curve

Strong increase in net exports that provided substantial gains from trade and economic growth

Quick recovery due to the effectiveness of the Classical price adjustment mechanism

V shaped recession and recovery