Nathan graduates from university and cannot find a job in his field, so he takes a job mowing lawns 3 days a week. nathan is discouraged because he cannot find a job that uses his university degree. nathan is counted as ___________.

employed
unemployed because he is a part-time worker
unemployed because he is discouraged
unemployed because he has only a seasonal job

Which of the following statements about the Canadian and U.S. unemployment rates is false?

Both these unemployment rates exceed the Japanese unemployment rate.
In 1998, the unemployment rates were equal.
Between 1985 and 1995, the unemployment rate in Canada was greater than that in the United States.
In 1990, each unemployment rate was less than it was in 1982.

The relationship between x and y is _______ and the slope of the relationship _______.

Unemployment is a problem for all the following reasons except ______________________.

human capital deteriorates
some people quit the labour force
some people have almost no income
production is lost

Modern macroeconomics emerged during the _____________.

1920s
Great Depression
1960s
1890s

If the growth rate of real GDP is slowing, but it is still positive, then the economy is _______________.

at a business cycle peak
in an expansion
in a recession
at a business cycle trough

In the country of Zig, the population grows at 10 percent and real GDP grows at 10 percent. In the country of Zag, the population grows at 5 percent and real GDP grows at 10 percent. Average real GDP person ___________.

in Zig and Zag cannot be compared using these data
grows more quickly in Zag
grows more quickly in Zig
grows at the same rate in Zig and Zag

On the planet of Argon, the price level was 100 in 1997, 125 in 1998, and 150 in 1999. Which of the following statements is true?

Argon's inflation rate has remained constant.
Argon's inflation rate has decreased.
Argon's inflation rate has increased.
Argon's price level has been steady.

Sam borrows $5,000 from Sue, and he promises to repay the money in one year. During the year, inflation unexpectedly increases. The unpredicted inflation creates ______________.

an unexpected loss for Sam and an unexpected gain for Sue
an expected gain for Sam andd an unexpected loss for Sue
an unexpected loss for both Sam and Sue
an unexpected gain for both Sam and Sue

Which of the following statements is true?

From 1990 to 1996, the federal government deficit increased each and every year.
From the mid-1980s to the nid-1990s, Canada had a large and persistent international deficit.
From 1990 to 1996, the federal government deficit decreased each and every year.
In the 1990s, Canada had an international surplus.

The goal of macroeconomic policy includes all the following except __________________.

a positive economic growth rate
a job for everyone who wants one
a smaller government government budget surplus
a low inflation rate

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