The questions below are displayed in order.

Question 1 If the Unemployment Rate is greater than the Natural Rate of Unemployment, there are 0 a} more job seekers than job vacancies making it easier for workers to push for greater wage increases. 0 b} morejob seekers than [ob vacancies, making it tougher forworkers to push for wage increases. 0 c) more job vacancies than job seekers, making it easier for workers to push for greater wage increases. 0 d) more job vacancies than job seekers making it more difcult for workers to push for greaterwage increases. Question 2 If the economy is experiencing stagaon, O a} the unemployment rate is higher than the natural rate 01 unemployment. O b} the ination rate is higher than in recent years. 0 1:) both a. and b. arecorrect. 0 d) neither 3. nor [1. arecorrect. Question 3 If there is stagation in the economy, 0 a) the Phillips curve has shited up. 0 b} the econormI has moved along the Phillips Curve in the direction of higher unemployment but lower ination. O c) the economy has moved along the Phillips Curvein the direction of low unemployment rates but. higher ination. 0 d) the economyr is operang at full employment. Question 4 Using the data provided in CANVAS 'Ination and Unemployment Rates 1950-2014," in which yearwas the 'misery index' at its highest? 0 a) 1951' o b] 19791 0 c) 1930' 0 $1931 Question 5 According to Lucas, if inflation exceeds inflationary expectaons we should expect to observe O a} an increase in the unemployment rate 0 b] an increase in corporate prot rates. 0 cl a situation where costs are increasing more rapidly than revenues. C d} all of the above Question 6 Disination refers to O a) ination caused by excess demand for goods and services 0 h] an inflation where all prices and incomes increase by the same percentage 0 c) an inflation rate below zero (negative). 0 d} a rapid and sharp decrease in the inflation rale over a short period 0! time.