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5 Written questions

5 Matching questions

  1. Labor Force
  2. Private Investment (I)
  3. Cyclical Unemployment
  4. Gross Domestic Product (GDP)
  5. Real Variable
  1. a The sum of a business plant, equipment, and software purchases, new-home construction, and inventory changes; often referred to as just investment
  2. b A variable adjusted for changes in the dollar's value
  3. c Those people who have a job or who are looking for one
  4. d The total value of all final goods and services produced for the marketplace during a given year, within the nations borders
  5. e Joblessness arising from changes in production over the business cycle

5 Multiple choice questions

  1. individuals who would like a job, but have given up searching for one
  2. Investment minus depreciation
  3. The fraction of the labor force that is without a job
  4. Spending by federal, state, and local governments on goods and services
  5. A good sold to its final user

5 True/False questions

  1. Frictional UnemploymentJoblessness experienced by people who are between jobs or who are just entering or reentering the labor market


  2. Seasonal AdjustmentJoblessness related to changes in weather, tourist patterns, or other seasonal factors


  3. Net Exports (NX)Total exports minus total imports


  4. Potential OutputA good sold to its final user


  5. Nonmarket ProductionGoods and services that are produced by not sold in a market


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