Unit 2

Question 1

least affected by low levels of inflation

Answer 1

debtors

Question 2

time period is beginning to fall, and people are losing their jobs

Answer 2

recession

Question 3

the unemployment rate calculation requires counting people in jobs for which they are overqualified. in which direction does this skew the unemployment rate

Answer 3

unemployment numbers are LOWER

Question 4

receive a better education and do which of the following with a small level of inflation

Answer 4

increase income

Question 5

$20 trillion

Answer 5

$19 trillion

Question 6

$14 trillion

Answer 6

$13 trillion

Question 7

govt. expenditure

Answer 7

building a new high way

Question 8

CPI is similar to what

Answer 8

inflation

Question 9

economy is beginning to pull out of its lowest point

Answer 9

recovery

Question 10

seasonal job

Answer 10

construction

Question 11

cause hyperinflation

Answer 11

printing too much money

Question 12

which of the following is true if someone decides to borrow $1000 from a bank at 10% interest during a time period of 5% inflation

Answer 12

creditor will loan more money