Ec2050 Chapter 17 Quiz

HTMLCONTROL Forms.HTMLOption.1 A) cyclical unemployment should not necessarily be minimized. HTMLCONTROL Forms.HTMLOption.1 B) aiming for an amount of employment that exceeds full employment. HTMLCONTROL Forms.HTMLOption.1 C) a zero percent unemployment rate. HTMLCONTROL Forms.HTMLOption.1 D) a zero percent natural unemployment rate. HTMLCONTROL Forms.HTMLOption.1 E) keeping the unemployment rate close to the natural unemployment rate. Question 22 / 2 pointsThe output gap is the HTMLCONTROL Forms.HTMLOption.1 A) difference in graduation levels between high school and college. HTMLCONTROL Forms.HTMLOption.1 B) difference between actual inflation and core inflation. HTMLCONTROL Forms.HTMLOption.1 C) percentage deviation of real GDP from potential GDP. HTMLCONTROL Forms.HTMLOption.1 D) percentage increase in the growth rate of real GDP. HTMLCONTROL Forms.HTMLOption.1 E) percentage increase in the growth rate of real GDP minus the unemployment rate. Question 32 / 2 pointsThe core inflation rate measures changes in the HTMLCONTROL Forms.HTMLOption.1 A) prices of all the core goods and services a typical family buys. HTMLCONTROL Forms.HTMLOption.1 B) price of only two consumer goods food and fuel. HTMLCONTROL Forms.HTMLOption.1 C) prices of consumer goods except food and fuel. HTMLCONTROL Forms.HTMLOption.1 D) prices of all consumer goods. HTMLCONTROL Forms.HTMLOption.1 E) prices of consumer goods except health care. Question 42 / 2 pointsControl of monetary policy rests