The relationship between inflation and unemployment is represented by:

Related Mcqs:

1. Unemployment benefits may increase the unemployment rate because unemployment benefits ?

   A. encourage people to quit their jobs B. reduce the cost of job search C. enable people to quit searching for work D. reduce the benefits of additional job searching...

2. Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

   A. None of these answers B. Disagree because they have different scientific judgments C. really don’t disagree at all. It just appears that they disagree D. disagree because they have different values...

3. Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

   A. really don’t disagree at all It just appears that they disagree. B. disagree because they have different values. C. none of these answers. D. disagree because they have different scientific judgments....

4. Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment?

   A. natural B. frictional C. disequilibrium D. structural...

5. Unemployment resulting from changes in the pattern of demand or supply in the economy is called _______ unemployment?

   A. regional B. technological C. structural D. demand-deficient...

6. Unemployment resulting from imperfect information in the labour market is called ____ unemployment?

   A. Frictional B. natural C. real-wage D. disequilibrium...

7. In the short run unemployment may fall below the natural rate of unemployment if ?

   A. Nominal wages have risen less than inflation B. Nominal wages have risen at the same rate as inflation C. Nominal wages have risen more than inflation D. Nominal wages have risen less than unemployment...

8. Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?

   A. Keynesian policies B. Supply-side policies C. Monetarist Policies D. Classical policies...

9. The situation with increasing unemployment and inflation is terms as ?

   A. Hyperinflation B. Reflection C. Stagflation D. Galloping...

10. If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?

    A. falls; rise; falls; surplus B. is static; low; rise; deficit; C. falls; falls; falls; surplus D. rise; falls; rises; deficit...