T or Fwhat are some High rates of unemployment are undesirable because:Unemployment Rate =Unemployed/Employed + Unemployedif there is 180M civilians employed, 15M civilians unemployed, unkown number out of labor force, and total adult population is 280M. T or FWithout unemployment insurance, the average duration of unemployment would likely be longer. The new way to measure CPI is in general to show low level of inflation.Briefly explain the time trend of GPI per capita and GDP per capita.GPI per capita has followed a mostly downward trend since 1977 even as GDP per capita has increased.It indicates an economic downturn in which GDP shrinks so rapidly.if inflation occurs to an increase in our demand what is that calledif inflation occurs due to a decrease in supply what is that called

T or FNew inventions may displace some workers, but generally lead to the growth of jobs in new industries. However he underestimated the rate of inflation when they agreed to a repayment and interest schedule.

T or FWhen an office worker loses his job because he lacks the computer skills the employer requires, he becomes frictionally unemployed.

It would go from:The costs imposed on a firm from changing listed prices is termed:what term refers to extremely high rates of inflation for sustained periods of time?What happens Given a fixed nominal interest rate on a loan, unanticipated inflation:The most closely watched measure of inflation is the:Explain briefly why it is difficult to achieve macroeconomic goals at the same timeBecause there is a tradeoff between unemployment and inflation as the Phillips Curve shows.Briefly explain why the fairness in the distribution of income or wealth is not our macroeconomic goals.Because individuals differ coniserably in this issue.At what measures do many economists look given the problems of unemployment rate?Briefly explain the pros and cons of minimum wages and why a change in minimum wage is always controversial.Pros: reduce labor exploitation and help afford necessities, Cons: hurt small business and increase unemployment, The controversy comes from the fact that we do not know exactly how to measure the impact of the labor exploitation and labor exploitation and hurt small business and increase unemployment.Briefly explain why we have inflation most of time in our history.Because there is strong perception that deflation is devil.Explain one conspiracy theory on the relation between the cost-of-living clauses and the Boskin Commission.According to the conspiracy theory, the government wanted to have budget surplus by reducing its payment to retirees. High rates of unemployment are undesirable because: They cause increased levels of societal tension, Society loses potential production of goods and services, and families of the unemployed may find it difficult to survive. B) frictional unemployment. Some of these costs are difficult to value and measure, especially the longer-term social costs.. 1.Loss of income: Unemployment normally results in a loss of income. When people grumble about the bad economy, they are often referring to one of two things: rapid inflation or crippling unemployment. T or FLuke has lent his friend Mitch some money. because they suffer more from social barriers overall that impede them from m eeting this criterion. The majority of the unemployed experience a decline in their living standards and are worse off out of work. what is the unemployment rate is approximately _________ percent.The official unemployment rate may not reflect the true state of unemployment because:part-time employees who want to work more hours are treated the same statistically as those who hold full-time jobs.The most significant real economic cost of high unemployment is:the potential goods and services that might have been produced but weren't.If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals:Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking.

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