1. | Question : | Political incumbents often gain or lose re-election because of a strong or weak economy. Which of the following is an exception to that rule? | | | Student Answer: | | George H.W. Bush | | | | Al Gore | | | | Herbert Hoover | | | | Jimmy Carter | | | | Points Received: | 2 of 2 | | Comments: | | | | Question 2. | Question : | The unemployment rate is the number of | | | Student Answer: | | jobless individuals looking for work divided by those employed and unemployed but actively looking. | | | | jobless people looking for work divided by the population. | | | | people looking for work divided by the population. | | | | jobless individuals divided by the total labor force. | | | | Points Received: | 2 of 2 | | Comments: | | | | Question 3. | Question : | Which of the following statements about the behavior of the unemployment rate in the United States is true? | | | Student Answer: | | The unemployment rate in the most recent recession involved a peak rate of unemployment lower than the peak rate of the recession before it. | | | | Between 1960 and 2004, the unemployment rate has fluctuated between 3.4% and 6%. | | | | Generally, when the actual level of output is above the natural level of output, the actual level of unemployment tends to be above the natural level of unemployment. | | | | Generally, when the natural level of output is above the actual level of output, the actual level of unemployment tends to be below the natural level of unemployment. | | | | Points Received: | 0 of 2 | | Comments: | | | | Question 4. | Question : | The inflation rate is the | | | Student Answer: | | measure used to calculate the cost of borrowing money. | | | | measure used to calculate the price level. | | | | percentage increase in the