Question 1What does NOT occur in a fully employed economy?A. Cyclical unemploymentB. Discouraged workersC. Frictional unemploymentD. Structural unemploymentQuestion 2The Consumer Price Index measures changes in:A. the money supply.B. all prices.C. the cost of living.D. the cost of consumer credit.Question 3Discouraged workers are officially:A. unemployed.B. employed.C. not in the labor force.D. in the labor force.Question 4Business cycles:A. have been a recurring source of debate to economic theory throughout history.B. represent a fairly recent problem confronting economic systems.C. show very regular and smooth patterns of ups-and-downs in economic systems.D. cannot occur in market-based economic systems.
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