Stitches

ECONOMICS- 3 questions really hard please help 10 pts.?

23. An economy that experiences decreasing real GDP and increasing prices is said to suffer from (1 point) a recession. a depression. a business cycle. stagflation. 24. When Alison, a college math professor, leaves her job at a small rural college and starts looking for a job at a large urban university, she is (1 point) frictionally unemployed. structurally unemployed. cyclically unemployed. a discouraged worker. 25. A knitting factory worker who loses her job because the company has relocated the plant to another country is an example of (1 point) frictional unemployment. structural unemployment cyclical unemployment. seasonal unemployment.

Public Comments

1. http://miamibeachhigh.schoolwires.com/6277_7012718391/lib/6277_7012718391/Reg_Econ_Ch_13_Review.doc http://miamibeachhigh.schoolwires.com/6277_7012718391/lib/6277_7012718391/Reg_Econ_Ch_13_Review.doc
2. These are actually REALLY easy. Here's some hints (even though you could lokk these up yourself fairly quickly): 23. When prices increase, that's called inflation. 24. Allison left her job voluntarily. She did NOT quit over the summer, when she would ordinarily be idled (that's cyclical). 25. Because the plant is relocated, the building is vacant.
3. 23. Decreasing GDP hints at rising unemployment. The combination of rising prices and rising unemployment is called stagflation. (The other guy is wrong). 24. Frictionally unemployed 25. Structural Unemployment
4. I concur with 'U da man'.
5. 23. stagflation 24. frictional unemployed 25. structural unemployed