91. Which of the following statements about seasonal unemployment is TRUE? A. It
ID: 1210804 • Letter: 9
Question
91. Which of the following statements about seasonal unemployment is TRUE? A. It is difficult to predict because it involves all kinds of workers B. It is the type of unemployment associated with discouraged workers C. It results primarily from downturns in economic activity D. It is likely to be affected by changes in consumer preferences E. It is likely to be associated with jobs that are affected by changes in the weather.
93. The late 1970s were characterized by A. An inflation rate exceeding nominal interest rates B. Positive real interest rates C. Negative nominal interest rates D. Negative inflation rates E. Net interest rate gains for debtors
95. Structural unemployment will decline of A. Retrained workers can move to areas where new jobs are avaliable B. More seasonal work becomes avaliable C. Computerized job search systems are improved D. The government increases taxes to support more welfare programs E. Consumer spending on new technology decreases
97. Long run aggregate supply increases as A. New production technology is introduced B. The average price level increases C. Natural resources deplete D. The quality of labor declines E. Corporate wage rates increases
98. Investment spending increases with A. Production levels near capacity B. Rapid technological change C. A decrease in the price of capital goods D. Lower interest rates E. All of these
100. Why is the long run aggregate supply curve vertical at potential real GDP? A. Producers' profits are increasing at this point B. Unemployment equals zero C. Production costs are at the lowest level possible D. There is a very strong relationship between further price changes and output produced E. Resource costs adjust fully to price changes
91. Which of the following statements about seasonal unemployment is TRUE? A. It is difficult to predict because it involves all kinds of workers B. It is the type of unemployment associated with discouraged workers C. It results primarily from downturns in economic activity D. It is likely to be affected by changes in consumer preferences E. It is likely to be associated with jobs that are affected by changes in the weather.
93. The late 1970s were characterized by A. An inflation rate exceeding nominal interest rates B. Positive real interest rates C. Negative nominal interest rates D. Negative inflation rates E. Net interest rate gains for debtors
95. Structural unemployment will decline of A. Retrained workers can move to areas where new jobs are avaliable B. More seasonal work becomes avaliable C. Computerized job search systems are improved D. The government increases taxes to support more welfare programs E. Consumer spending on new technology decreases
97. Long run aggregate supply increases as A. New production technology is introduced B. The average price level increases C. Natural resources deplete D. The quality of labor declines E. Corporate wage rates increases
98. Investment spending increases with A. Production levels near capacity B. Rapid technological change C. A decrease in the price of capital goods D. Lower interest rates E. All of these
100. Why is the long run aggregate supply curve vertical at potential real GDP? A. Producers' profits are increasing at this point B. Unemployment equals zero C. Production costs are at the lowest level possible D. There is a very strong relationship between further price changes and output produced E. Resource costs adjust fully to price changes
91. Which of the following statements about seasonal unemployment is TRUE? A. It is difficult to predict because it involves all kinds of workers B. It is the type of unemployment associated with discouraged workers C. It results primarily from downturns in economic activity D. It is likely to be affected by changes in consumer preferences E. It is likely to be associated with jobs that are affected by changes in the weather.
93. The late 1970s were characterized by A. An inflation rate exceeding nominal interest rates B. Positive real interest rates C. Negative nominal interest rates D. Negative inflation rates E. Net interest rate gains for debtors
95. Structural unemployment will decline of A. Retrained workers can move to areas where new jobs are avaliable B. More seasonal work becomes avaliable C. Computerized job search systems are improved D. The government increases taxes to support more welfare programs E. Consumer spending on new technology decreases
97. Long run aggregate supply increases as A. New production technology is introduced B. The average price level increases C. Natural resources deplete D. The quality of labor declines E. Corporate wage rates increases
98. Investment spending increases with A. Production levels near capacity B. Rapid technological change C. A decrease in the price of capital goods D. Lower interest rates E. All of these
100. Why is the long run aggregate supply curve vertical at potential real GDP? A. Producers' profits are increasing at this point B. Unemployment equals zero C. Production costs are at the lowest level possible D. There is a very strong relationship between further price changes and output produced E. Resource costs adjust fully to price changes 91. Which of the following statements about seasonal unemployment is TRUE? A. It is difficult to predict because it involves all kinds of workers B. It is the type of unemployment associated with discouraged workers C. It results primarily from downturns in economic activity D. It is likely to be affected by changes in consumer preferences E. It is likely to be associated with jobs that are affected by changes in the weather.
93. The late 1970s were characterized by A. An inflation rate exceeding nominal interest rates B. Positive real interest rates C. Negative nominal interest rates D. Negative inflation rates E. Net interest rate gains for debtors
95. Structural unemployment will decline of A. Retrained workers can move to areas where new jobs are avaliable B. More seasonal work becomes avaliable C. Computerized job search systems are improved D. The government increases taxes to support more welfare programs E. Consumer spending on new technology decreases
97. Long run aggregate supply increases as A. New production technology is introduced B. The average price level increases C. Natural resources deplete D. The quality of labor declines E. Corporate wage rates increases
98. Investment spending increases with A. Production levels near capacity B. Rapid technological change C. A decrease in the price of capital goods D. Lower interest rates E. All of these
100. Why is the long run aggregate supply curve vertical at potential real GDP? A. Producers' profits are increasing at this point B. Unemployment equals zero C. Production costs are at the lowest level possible D. There is a very strong relationship between further price changes and output produced E. Resource costs adjust fully to price changes
Explanation / Answer
Q91.
The correct option is (E).
Seasonal unemployment is created by seasonal variations in particular industries, especially industries such as construction and agriculture that are affected by the weather.
Q93.
The correct option is (A).
The period 1970’s was known as stagflation, a situation in which economy experiences a steady increase in the inflation and unemployment.
Q.95:
The correct option is (A).
The level of structural unemployment will decline as people acquire skills that are necessary to switch industries.
Q.97
The correct option is (A).
A change in the technology shifts the LRAS curve by changing the potential output from the same amount of inputs in the long-term.
Q.98:
The correct option is (D).
Lower Interest rates push additional investment spending. This gives the economy a boost in times of slow economic growth.
Q.100:
The correct option is (D).
The long-run aggregate supply curve reflects the relation between real production and the price level.
Real production remains constant at the full-employment level, with an increase in the price level.
If the price level falls, real production remains constant at the full-employment level.
Due to flexible prices, the same level of real production is generated at every price level.
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