Herman E., Inflation and Unemployment in the Romanian Economy, Annals of the University of Petroşani - Economics, vol.X - Part II: 157-170, 2010; Annals of the „Constantin Brancuşi" University of Targu Jiu, Economy Series, Issue 3/2012...
The rate of unemployment below which the rate of inflation tends to rise and above which the rate of inflation tends to fall is known as the A) Phillips rate of unemployment. B) contrary rate of unemp The rate of unemployment below which the rate of inf...
Another use for the unemployment rate is to calculate themisery index. This is the combination of the unemployment rate and inflation. It's intended to indicate the amount of economic stress an average person feels, but it isn't an accurate picture of economic conditions, because unemployment is...
Lin Jian: According to the statistics released by the National Bureau of Statistics, China’s Gross Domestic Product (GDP) grew by 5.3 percent year on year in the first quarter. Four key macroeconomic indicators remained generally stable, namely GDP, unemployment rate, inflation rate and balance...
If the rate of inflation is 5%, the prime rate of interest is 6%, and the unemployment rate is 7%, how much is the misery index? The misery index is equal to: a) Interest rates + Inflation rate b) Inflation rate + Real GDP c) Unemp...
Assume the inflation rate is expected to be 5 percent and the unemployment rate is 8 percent. If workers wish to get a 2 percent real wage increase, they should bargain for a money wage increase of___. A. 3 percent B. 5 percent C. 7 percent D. 13 percent 相关知识点: 试题来源...
Unemployment, Inflation, and the Fed—PosnerAs Becker points out, the unemployment rate is a misleading figure because it ignores discouraged workers, who have left the labor force (the denominator in calculating the unemployment rate, where the numerator is the number of full-time employed), and...
Suppose the expected inflation rate is 12 percent and the unemployment rate is 5 percent. If the expected inflation rate increases to 13 percent,A.the short-run Phillips curve will shift upward.B.the short-run Phillips curve will shift downward.C.there will be a movement along the short-run...
Unexpected inflation may cause job seekers to misperceive the real value of wage offers they have received, and thus to accept offers that they would not have accepted if they had known the true real wage they were getting. By accepting these jobs, they lower the unemployment rate. In the ...
Inflation and unemployment generally have aninverse relationship. When inflation rises, unemployment typically drops. Measures of Unemployment The official unemployment rate has often been cited as being too restrictive and not representative of the true breadth oflabor marketproblems. Some analysts contend ...