失業與通脹

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1.

The following phenomena are observed in an economy: • Retail receipts are increasing • The employment of the manufacturing sector is increasing • The stock prices are increasing • The forecast of the real GDP growth rate has been revised upward

Which phase of the business cycle is the economy in?

2.

Below are the employment figures of a country.

Number of Persons
Employment18 000
Unemployment2 000

Suppose there are new job seekers entering into the labour market after graduation but only 85% of them succeed in finding a job. The unemployment rate ____.

3.

The following phenomena are observed in an economy: • Total sales value at the retail level is decreasing • Bankruptcy petitions are increasing • The inflation rate is falling • The forecast of economic growth has been revised downward

Which phase of the business cycle is the economy in?

4.
Labour force (persons)600 000
Unemployment rate10%
Underemployment rate5%

According to the above information on an economy,

5.

When inflation is expected,

(1)creditors will charge the debtors a higher nominal interest rate.
(2)workers will request for a raise in their nominal wage rates.
(3)people will tend to hold more monetary assets instead of real assets.
6.

When the consumer price index of an economy increases from 100 to 110, it implies that

7.

In the stage of economic ____, the percentage change in real GDP ____.

8.

Study the following figures of an economy.

Number of Persons
Unemployed20 000
Under-employed60 000
Employed480 000
Persons aged 15 or above1 000 000

The unemployment rate of the economy is ____.

9.

Which of the following would lose during an unexpected inflation?

10.
YearConsumer Price Index (A)
200499.3
2005100.3
2006102.1

Based on the above table, we can conclude that during this period of time,

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