economic-instability

Which of the following put regulations on banks?

FDIC
Social Security Act 1935
The Great Depression
LEI

Which model is used to make future predictions on the performances of an economy?

real GDP
LEI
econometric model
None of these answers

Which is used to predict changes in the business cycle?

econometric model
FDIC
LEI
DPI

________ 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

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

___________ 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

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

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

________ is caused by changes in the nature or location of employment opportunities.

Seasonal unemployment
Structural unemployment
Frictional unemployment
Cyclical unemployment

The trough is the highest point in the mutability of the business cycle.

True
False
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