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5 Written questions

5 Matching questions

  1. Discouraged workers
  2. Full Employment
  3. Potential Output
  4. Intermediate Goods
  5. Cyclical Unemployment
  1. a individuals who would like a job, but have given up searching for one
  2. b Joblessness arising from changes in production over the business cycle
  3. c The level of output the economy could produce if operating at full employment
  4. d Goods used up in producing final goods
  5. e A situation in which there is no cyclical unemployment

5 Multiple choice questions

  1. Payments to the owners of resources that are used in production
  2. Any payment that is not compensation for supplying goods, services, or resources
  3. The total value of all final goods and services produced for the marketplace during a given year, within the nations borders
  4. Adjusting an economic variable to remove the effects of changes predicted to occur at that time of year
  5. Goods and services that are produced by not sold in a market

5 True/False questions

  1. Government Purchases (G)Total exports minus total imports

          

  2. Unemployment RateA situation in which there is no cyclical unemployment

          

  3. Factor Payments approachPayments to the owners of resources that are used in production

          

  4. Real VariableA variable adjusted for changes in the dollar's value

          

  5. Frictional UnemploymentJoblessness related to changes in weather, tourist patterns, or other seasonal factors

          

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