Who would be hurt by unanticipated inflation

Assignment Help Business Economics
Reference no: EM131385521

1. The fact that millions of jobs are created and destroyed every year is a sign of

A. a serious shortcoming of our economic system

B. the main reason why the US unemployment rate is persistently high

C. what we would expect in a vibrant dynamic market system

D. not a significant issue as long as the size of job creation is many times larger than job destruction, as is often the case

2. Who would be hurt by unanticipated inflation?

A. those living on incomes with cost-of-living adjustments B. those who find prices rising less rapidly than their nominal incomes C. those who borrowed when prices were lower D. those who lent money at a fixed interest rate

3. If the average level of nominal income in a nation is $21,000 and the CPI is 154, the average real income would be about

A. $12546

B. $13636

C. $15299

D. $17823

E. None of the above

4. If the Consumer Price Index was 110 in one year and 117 in the next year, then the rate of inflation from one year to the next was

A. 6.4%

B. 4.7%

C. 3.5%

D. 7.1%

5. The full employment in the economy is considered to be achieved when

A. frictional unemployment is zero

B. structural unemployment is zero

C. cyclical unemployment is zero

D. the (total) unemployment rate is zero

Reference no: EM131385521

Questions Cloud

How would this affect the aggregate supply curve : President-elect Trump would like to increase de barriers higher tariffs or by (through renegotiating trade deals which have had led to lower barriers to trade) in order to keep more jobs in the U.S. Assume input costs (wages) are higher in the U.S. t..
Explain what the federal funds rate : The FOMC is scheduled to meet on December 13-14 and it is anticipated that they will raise the federal funds rate. Explain what the federal funds rate is. Current inflation is less than the Fed's 2% goal. Does a lower interest rate help the Fed achie..
What would the market price for used cars be : There are 1,000 individuals in the city of Lincoln wishing to sell their used cars. The value of a car, V, ranges between $0 and $3000. The distribution of values is such that the number of used cars is worth less than $V is V/3. The true value of th..
Labor market from the two point views of supply and demand : What are the 2 different approaches to the presentation of a job offer? What are the advantages and disadvantages of each? Discuss the labor market from the two point views of supply and demand. What are the key areas that should be included in a job..
Who would be hurt by unanticipated inflation : The fact that millions of jobs are created and destroyed every year is a sign of. The full employment in the economy is considered to be achieved when.  Who would be hurt by unanticipated inflation?
Suppose the marginal cost curve in the short run : Suppose the marginal cost curve in the short run first decreases and then increases. If marginal cost is decreasing, _____ must be _____ and _____ must be _____.
Suppose the demand for french bread rises : Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour. Illustrate your answers with diagrams.
Part of the potential labor force : If you are available for work and have looked for a job at some point during the previous twelve months, but have not actively looked during the previous four weeks, you are considered. Suppose that you are available for work but have not looked for ..
Keynesians-monetarists with regard to using monetary policy : What are the differences between Keynesians and Monetarists with regard to using monetary policy to grow Real GDP?

Reviews

Write a Review

 

Business Economics Questions & Answers

  Common injuries may be experienced by targeted factors

Explain how or why the following factors (-gender,age,race) places one at risk for injury. Also discuss what common injuries may be experienced by these targeted factors.

  Fed need to increase or decrease the supply of federal funds

Suppose that the demand for federal funds curve is such that the quantity of funds demanded changes by $160 billion for each 1 percent change in the federal funds interest rate. Also, assume that the current federal funds rate is at the 3 percent rat..

  Role of the organization in ethical decision making

Compare the role of the individual and the role of the organization in ethical decision making. How can business promote an ethical climate - The organization role in ethical decision affects people who work for the organization and ultimately the ..

  An increase in personal income tax on interest income will

An increase in the personal income tax on interest income will

  Q1 given an exchange rate of sf125 1 how do the car prices

q1. given an exchange rate of sf1.25 1 how do the car prices of both countries compare?q2. the payoff matrix of

  How might rights of the potential juror and the plaintiff

In jury selection, one cannot exclude potential jurors on the basis of race or other discriminatory criteria. One question is if this prohibition against discrimination should extend to potential jurors that have physical or mental disabilities. How ..

  Understand what causes productivity growth

Suppose that capital per hour of work grows by 3 percent and technology grows by 1 percent over a one year interval. What is the growth rate of real GDP per hour of work? Show the formula and all work. To understand what causes productivity growth, w..

  Phillips curve suggests a trade off between

1. The Phillips curve suggests a trade off between, a. unemployment rates and tax rates b. inflation and money supply c. monetary policy and fiscal policy d. unemployment rates and inflation d. inflation and GDP

  What is the key problem with measuring marginal q

What is the key problem with measuring marginal q? Is there an alternative measurement that can be used instead? Is this alternative measurement likely to be an accurate proxy for marginal q?

  Which of the situations would you prefer borrowing

In which of the following situations would you prefer borrowing?

  Tax affects the firm optimal output-price and profits

A monopoly firm faces a demand curve given by P = 80 – Q and has a cost curve given by TC = 0.6Q^2. Specify and demonstrate its optimal output, price, and profits. Now suppose a specific tax of $16 per unit produced is imposed upon this firm; specify..

  Illustrate which of the three cases demand has increased

Illustrate which of the three cases, if any, do you think that demand has increased more rapidly than supply. Explain your reasoning.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd