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