FREDUnemployment Rate101970197519801990199520002005201020152020Shaded areas indicate US recessionsSource: U.S Bureau of Labor Statisticsmyf.red/g/wossWhat is the relationship between the unemployment rate and Real GDP?O Unemployment decreases when Real GDP decreasesO Unemployment increases when Real GDP decreasesO Unemployment and Real GDP are not relatedO Unemployment and Real GDP both increase in periods of stagflation

In any economy, real GDP provide information about the actual growth in the production of output…

Answered: FRED - Unemployment Rate 10 6. 3. 1970…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 21 A E В Time In the accompanying diagram, which phase of the business cycle would be most closely associated with an economic contraction? O a.B Ob.A O.D Od.C Level of Business Activity
Variations of actual real GDP around potential real GDP are called economic fluctuations. What is another name for these fluctuations? Select one: O a. Economic growth O b. Trade surpluses O c. Income variations O d. Business cycles Check
Suppose that, as a result of an increase in the price of wheat, several large U.S. grocery chains, such as Harris Teeter and Food Lion, increase the prices of all of their bread products. It follows that, ceteris paribus, the increase in the price will increase: O a. both the CPI and the GDP deflator. O b. neither the CPI nor the GDP deflator. O c. the GDP deflator but not the CPI. O d. the CPI but not the GDP deflator. Next page
Suppose Jack has $400 in nominal income. The price per unit of DVDs is $20. Accordingly, what is Jack's real income in terms of DVDs? O a. O b. O c. Od. between 0 and 15 between 15 and 30 between 30 and 45 between 45 and 60 e. greater than 60
D Question 36 Assume that an economy's actual output increased over a decade but it experienced deflation throughout that entire time. Which of the following statements is correct? o The country's nominal GDP increased, but nothing can be stated with certainty regarding any change in real GDP. o The country's real GDP increased, and its nominal GDP stayed the same. O The country's real GDP increased, but nothing can be stated with certainty regarding any change in nominal GDP. o The country's real GDP increased, and its nominal GDP decreased. o The country's nominal GDP decreased, but nothing can be stated with certainty regarding any change in real GDP. Question 37 Decreases in the costs of key inputs cause the AS curve to shift to the right. O True O False
As described in the article entitled "The Thomy Economics of legal immigration, Arizona adopted legislation that restricted (by as much as 40%) the number of legal immigrants coming into the state. This had the economic effect of OA Reducing Arizona's GOP but had the intended effect of atering production processes as employers hired more workers OB increasing overall output in the state as the supply of goods increased (as costs were falling) C Reducing Arizona's GDP OD. Decreasing the wage rates for and increasing the total employment of unsalted labor in the s
Question 21 I NGDP in the base year and RGDP in the current aro equal, then Oa There has been inflation or deflation Ob. There has been deflation only Oc There has been inflation only Od The GDP deflator must be equal to 1
i need help with this macro econmics question 10
Suppose you read in the Wal Street Journal that, during the fourth quarter of 2020, the U.S. economy expanded at the fastest rate in two decades. It follows that one would expect in the unemployment rate and. in real GDP during the fourth quarter of 2020. O a. a decrease; a decrease O b. an'increase; an increase O c. a decrease; an increase O d. an increase; a decrease Next page
Macroeconomic indicators can be categorized as "leading" or "lagging". Which one in the list below is not a lagging indicator? Select one: O O a. The Consumer Price Index b. Labor market statistics c. Commodity prices d. Retail Sales
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