Monday, October 21. Activities: Senior tribute announcement Unemployment activity Homework: Look over your notes. You should know all of the unemployment definitions!. Warm-up #3:
Sophia, a member of the labor force, cannot find a job because she cannot use a computer. What type of unemployment applies to Sophia?
The unemployment rate is currently 11%. What types of unemployment currently exist in the economy?
Which two types of unemployment make up the natural rate of unemployment?
What is the “skills gap”?
Why are intermediate goods excluded (not counted) in GDP?
Which type of fiscal policy will likely create a budget deficit?
What type of inflation would most likely occur during a peak?
What are the two types of unemployment that make up the natural rate of unemployment?
How does the government use fiscal policy to solve a recession?
People who save money like ______ (high or low?) interest rates, and people who borrow money like ______ (high or low?) interest rates.
What are the four characteristics of money?
What happens to money that is saved in a bank?
What is the primary responsibility of the Fed?
If the Fed is buying bonds, then that means they are using ___ monetary policy.
If the economy is in a recession, how will the Fed use monetary policy to fix it?
Assume that Country A and Country B have the same amount of resources and can only produce bananas and oranges. Country A gives up 3 bananas for each orange, and Country B give up 7 bananas for each orange. Who has the comparative advantage in oranges?
“The U.S. dollar depreciates relative to the British pound.” What does this mean?
A U.S. citizen buying bonds from Canada would be an example of a __________ flow.