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No need for explanations all my answers are always 50/50 just never know which to choose haha thank you! Question) Full employment (or the natural

No need for explanations all my answers are always 50/50 just never know which to choose haha thank you!

Question) Full employment (or the natural rate of unemployment) occurs when:

a) there is no cyclical unemployment

b) everyone looking for a job becomes employed

c) there is no frictional or structural unemployment

d) all jobs in the economy are filled

Question) Which of the following statistics represents a normal outcome for a well-functioning U.S. macroeconomy?

a) the GDP growth rate is 1 percent

b) the annual inflation rate is 10 percent

c) the unemployment rate is 3.5 percent

d) consumption expenditures are 25 percent of GDP

Question) Which of the following isnotconsistent with the way that the government calculates the unemployment rate?

a) Workers in the underground economy are included in the non-institutional population

b) Job searchers are not counted as part of the labor force

c) Part-time workers are included in the work force

d) Discouraged workers are not counted as unemployed

Question) When the value of the dollar rises, we can expect to observe that:

a) U.S. taxpayers pay higher tariffs

b) U.S. consumers pay higher prices for imported goods

c) U.S. exports become more expensive for foreigners to buy

d) U.S. citizens traveling abroad suffer a decline in purchasing power

Question) Demand pull inflation occurs when:

a) too much spending tries to raise output beyond its full employment level

b) the index of leading economic indicators is rising

c) businesses are producing more output than consumers demand

d) the economy is in a recession

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