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Question 4
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The month-to-month percent change in total CPI is a measure of
_____ at the _____ level.
Select one:
A.
the inflation rate; retail
B.
the inflation rate; wholesale
C.
aggregate prices; wholesale
D.
aggregate prices; retail
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Question 5
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The unemployment rate is a _____ variable; the aggregate
price level is a _____ variable.
Select one:
A.
stock; stock
B.
flow; stock
C.
stock; flow
D.
flow; flow
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Question 6
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Suppose Marco is a 32-year-old professional athlete. So far this
season, he has not played in a single game due to injury. Because
of his injury problems and reduced playing time over the last
several years, he is considering retirement at the end of the
season. According to the BLS household survey, Marco would be
classified as
Select one:
A.
employed.
B.
not in the civilian noninstitutional population.
C.
not in the labor force.
D.
unemployed.