Category: Uncategorized

  On the diagram of the stereotypical business cycle, the trough is represented by:

A discouraged worker is:

Brandon Walsh is having difficulty finding a new job. Many of the available jobs require a prospective employee to possess at least a 4-year college degree in a related field of study. Brandon graduated from high school, spent two semesters taking classes at community college, but never earned a college degree. Which type of unemployment best describes Brandon’s situation?

During a serious recession, we would expect output and employment to fall the most in the:

Viewpoint #1: A market-based economy is a naturally stable place, usually achieving the economic goals of Potential GDP, Full Employment and Price Stability.Viewpoint #2: The economy has the ability to fix its own macroeconomic problems, and to do so with reasonable speed.

  What was the Unemployment Rate (UNE%) for Year 2009?

Which of the following suggests that lower average prices make it more difficult to cover interest payments and other costs of doing business, causing firms to reduce production?

  On the diagram of the stereotypical business cycle, the peak is represented by:

According to the diagram of the stereotypical business cycle, when the economy enters into a period of contraction, we observe:

Brandon Walsh is having difficulty finding a new job. Many of the available jobs require a prospective employee to possess at least a 4-year college degree in a related field of study. Brandon graduated from high school, spent two semesters taking classes at community college, but never earned a college degree. Which type of unemployment best describes Brandon’s situation?