Determine the primary ways in which statistics or authority are used in your current position in developing persuasive arguments
February 21, 2021
lab report 177
February 21, 2021

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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