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Listed below are twelve technical macroeconomic terms introduced in our course: producer price index indexation Job search natural rate of unemployment real interest rate labor
Listed below are twelve technical macroeconomic terms introduced in our course: producer price index indexation Job search natural rate of unemployment real interest rate labor force unemployment rate discouraged workers labor-force participation rate union nominal interest rate cyclical unemployment Each of the following statements may (or may not) describe one of these technical terms. In the space provided below each statement, indicate the economic term described, or answer "None" if the statement does not correctly describe any of the terms. Do not use a term more than once. a measure of the cost of a basket of goods and services bought by firms the automatic correction by law or contract of a dollar amount for the effects of inflation the interest rate as usually reported without a correction for the effects of inflation the interest rate corrected for the effects of inflation the total number of workers, including both the employed and the unemployed the percentage of the labor force that is unemployed the percentage of the adult population that is in the labor force the normal rate of unemployment around which the unemployment rate fluctuates the deviation of unemployment from its natural rate individuals who would like to work but have given up looking for a job - A. B. C. D. E. F. G. H. I. J. K. L. a measure of the cost of a basket of goods and services bought by firms - A. B. C. D. E. F. G. H. I. J. K. L. the automatic correction by law or contract of a dollar amount for the effects of inflation - A. B. C. D. E. F. G. H. I. J. K. L. the interest rate as usually reported without a correction for the effects of inflation - A. B. C. D. E. F. G. H. I. J. K. L. the interest rate corrected for the effects of inflation - A. B. C. D. E. F. G. H. I. J. K. L. the total number of workers, including both the employed and the unemployed
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