Economic instability, multiple choice questions help
Which of the following put regulations on banks?
FDIC
Social Security Act 1935
The Great Depression
LEI
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Which model is used to make future predictions on the performances of an economy?
real GDP
LEI
econometric model
None of these answers
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Which is used to predict changes in the business cycle?
econometric model
FDIC
LEI
DPI
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________ occurs when consumers try to buy all of the goods and services which causes an excessive demand.
Demand-pull inflation
Stagflation
Commodity inflation
Cost-pull inflation
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Economists use the term __________ in describing an economy experiencing inflation at the same time as its resources are heavily underutilized. This also occurred during 1979–1981.
cost-pull inflation
stagflation
demand-pull inflation
commodity inflation
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___________ describes the status of workers who have left one job and are soon likely to find another.
Seasonal unemployment
Structural unemployment
Frictional unemployment
Cyclical unemployment
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Unemployment that follows the business cycle by increasing during recessions and decreasing during periods of recovery is called ___________.
seasonal unemployment
structural unemployment
frictional unemployment
cyclical unemployment
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Cost-push is most likely to occur in those industries in which management or labor is so strong that it can dictate prices.
True
False
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________ is caused by changes in the nature or location of employment opportunities.
Seasonal unemployment
Structural unemployment
Frictional unemployment
Cyclical unemployment
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The trough is the highest point in the mutability of the business cycle.
True
False