Macroeconomics

1. In which stage of the business cycle does the unemployment rate increase?

2. The inventory-to-sales ratio increases:

3. Which of the following is not a factor determining the housing market?

4. According to which school of economic thought there is no involuntary unemployment and the long-run equilibrium is always reached?

5. What is the main cause of recessions according to the real business cycle theory?

6. Which kind of unemployment increases in times of recession?

7. Discouraged workers can be described as:

8. What is the term that describes a positive inflation rate that is decreasing?

9. Which type of unemployment can be negative?

10. Assume the following labor statistics information for a country:

Working-age population = 10 million
Employed people = 5 million
Unemployed people = 2.5 million
People available for work = 1.8 million
People not actively looking for a job = 0.3 million
Discouraged people = 0.2 million
Underemployed people = 0.2 million

What is the participation rate in that country?

The participation rate is calculated as the total working force in a country as a percentage of the total working-age population.

11. What is the unemployment rate in the country from question №10?