The fact that an increase in the unemployment rate by 1 percent will lead to a roughly 2 percent loss in output is referred to as
A: the sacrifice ratio
B: the replacement ratio
C: the misery index
D: the Beveridge relationship
E: Okun’s law
A: the sacrifice ratio
B: the replacement ratio
C: the misery index
D: the Beveridge relationship
E: Okun’s law
举一反三
- The replacement ratio is A: the reservation wage divided by the wage rate offered on a new job B: the reduction in real GDP caused by a 1 percent reduction in unemployment benefits C: after-tax income while unemployed divided by after-tax income while employed D: the wage rate offered on a new job divided by unemployment benefits E: the increase in the unemployment rate caused by a 1 percent increase in the inflation rate
- The idea of a steady state is that A: the capital-labor ratio grows at a constant rate B: output per capita grows at a constant rate C: output, capital, and labor all grow at the same rate D: an increase in the savings rate will not affect the capital-labor ratio E: real output cannot grow
- In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time workers would prefer full-time work. What is the unemployment rate? A: 23.2 percent B: 6.7 percent C: 8 percent D: 25 percent
- In an economy, 43 million people are employed, 3 million are unemployed, and 4 million are not in the labor force. What is the employment-to-population ratio? A: 86 percent B: 92 percent C: 93 percent D: 6.5 percent
- As the economy enters a boom we can generally expect that A: inflation will decrease with little change in the unemployment rate B: unemployment will increase and inflation will decrease C: nominal GDP will increase but only because of an increase in the price level D: inflation will increase and the unemployment rate will decrease E: output will increase with little change in unemployment or inflation