Past Exam for ECON 2006 - Principles of Economics with McLeod at Virginia Tech (VT)

Exam Information

Material Type:Exam 1
Class:ECON 2006 - Principles of Economics
University:Virginia Polytechnic Institute And State University
  • Supply-Side Policy
  • Decrease Increase
  • Structural Unemployment
  • Income Approach
  • Unemployment
  • Ceteris Paribus
  • Complements
  • Underground Economy
  • Expenditure Approach
  • Excess Supply
Login / Sign Up to View Document
Preview Page 1Preview Page 2Preview Page 3Preview Page 4Preview Page 5

Sample Document Text

Econ 2006-11663 FORMB Exam 1 McLeod 1. Counting discouraged workers as unemployed would \ f\ C re"'5e~ the unemployment rate and counting people who work in the underground economy as employed would /(1 U<"["'<. the unemployment rate. A) increase; increase ~) increase: decrease C) decrease; increase D) decrease; decrease 2. The natural rate of unemployment is A) the ratio offrictional to structural unemployment. B) cyclical unemployment minus frictional unemployment. C) cyclical unemployment minus structural unemployment. D) frictional unemployment plus structural unemployment ~ E) frictional unemployment plus cyclical unemployment F) structural illlemployment plus cyclical unemployment 3. When email was invented, fewer people wrote letters and this resulted in large numbers of people getting laid off from work by the post office. ~This is an example of A) Frictional Unemployment B) Technological unemployment C) Structural Unemployment D) Natural Unemployment E) Unn...

Related Documents

Structural Unemployment Exam
Expenditure Approach Exam
Income Approach Notes
Provided That Exam
Reserve Requirement Exam
Reserve Requirement Exam
Inventory Changes Exam
Bell Pepper Exam
Congregation Exam
Either...or Exam
Congregation Exam
Congregation Exam
Inventory Changes Exam
World Price Exam
Contractionary Monetary Policy Exam
Competitive Market Structure Exam
155, "/var/app/current/tmp/"