Macroeconomic Issues and Analysis - Page 2 of 8

A. ratio of the frictional unemployment rate to the cyclical unemployment rate.
B. Sum of structural unemployment and cyclical unemployment.
C. Sum of frictional unemployment and cyclical unemployment
D. sum of frictional unemployment and structural unemployment.

Unemployment resulting from changes in the pattern of demand or supply in the economy is called ……. unemployment?

The natural rate of unemployment is generally thought of as the ?

As prices rise, there will be costs of constantly changing price-tags and reprinting price-lists This is called ?

Government policies that focus on changing taxes and government spending are called ?

If interest rates rise then costs are likely to ……. and demand is likely to ………?

An economy that trades with and has financial dealing with other countries is called a/an …….. economy?

The record of country’s imports and exports of goods and services is called its ?

The record of a county’s transfers of shareholding property and bank deposits to and from abroad is called its ?

The situation when a country imports more than it exports is ?

If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?

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