MACRO FTC1

Unit 3: Introduction to Macroeconomics Module 4: Unemployment, Inflation, and Economic Fluctuations Figure 4.1: U.S. unemployment rates (percentage of the civilian labor force), 1950– 2012 1. “Fill in the blank" question: Full employment embodies the highest amount of skilled and unskilled labor that could be employed within an economy at any given time. Correct. Full employment is attainable within any economy, but may result in an inflationary period. 2. “Fill in the blank" ques...

Unit 3: Introduction to Macroeconomics Module 4: Unemployment, Inflation, and Economic Fluctuations Figure 4.1: U.S. unemployment rates (percentage of the civilian labor force), 1950– 2012 1. “Fill in the blank" question: Full employment embodies the highest amount of skilled and unskilled labor that could be employed within an economy at any given time. Correct. Full employment is attainable within any economy, but may result in an inflationary period. 2. “Fill in the blank" ques...