3

Prices from about _____ goods and services are collected each month by bureau of labor statistics data collectors to be used in calculating the consumer price index

80,000

the ____ shows the amount of output that firms are willing to produce at various price levels

Aggregate supply curve

most economists agree that ____ unemployment is the area in which public policy makers can have their greatest impact

Cyclical

A shift of the aggregate _____ curve to the _____ would cause inflation to rise and employment to increase

Demand; right

if a countries population increases at a slower rate than the growth in its real GDP?

GDP per capita has increased

One reasonably objective measure of intangible infrastructure is the?

Index of Economic Freedom

_____ inflation occurs when a supply shock reduces aggregate supply?

cost-push

which of the following statements is false?

economic growth always leads to a more equitable distribution of income

Malthus believed that population increased ______ and food resources increased _______

geometrically; arithmetically

the short run aggregate supply curve:

is upward sloping because some costs are slow to rise as output expands

which statement about short-run economic growth is NOT true?

it is likely to occur when obstacles preventing resources from being used are put in place

how many hours does a person have to work for pay to be counted as employed?

one hour per week

in the short run, the aggregate supply curve is?

positively sloped

High family debt:

reduces the tendency to consume

in general, the higher the capital-to-labor ratio?

the higher the wages

The biggest group missing from the reported unemployment rate is?

those working part time for economic reasons

which of the following will NOT shift the aggregate supply curve to the right?

an increase in the minimum wage

which of the following factors will cause the aggregate demand curve to shift to the left?

appreciation of the dollar

which of the following is included in the consumer price index?

price of gasoline

the consumer price index does NOT include?

property taxes