The main cause of demand-pull inflation is

a. an increase in the cost of natural resources.

b. an increase in the money supply.

c. an increase in consumer demand caused by full employment.

d. an increase in the cost of labor.

During 1990-1991 real GDP fell. The increase in unemployment during that period is best attributed to

a. frictional unemployment.

b. structural unemployment.

c. cyclical unemployment.

d. recessionary unemployment

Real GDP is the value of all the goods and services produced by an economy in a year, evaluated in

a. terms of how useful it really is.

b. current prices.

c. constant prices.

d. terms of foreign currencies.

Which of the following is NOT a likely outcome of unemployment insurance?

a. a reduction in the financial suffering of unemployed workers.

b. an increase in overall unemployment

c. a reduction in frictional unemployment

d. an increase in the average amount of time workers spend between jobs