From 2006 to 2011, when the U.S. unemployment rate almost doubled,
A. unemployment in Greece nearly doubled as well
B. the unemployment rate in Germany declined
C. unemployment in Norway remained below 4 percent
D. all of the above
E. none of the above
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Assume the unemployment rates among different groups in the labor force are as follows: adult males 10%, adult females 8%, and teenagers 18%. Teenagers account for 10% of the total labor force, while women account for 45% of the adult labor force. What is the actual unemployment rate nationwide?
A. 0.097
B. 0.098
C. 0.099
D. 0.102
E. 0.109
Assume the unemployment rates among different groups in the labor force are as follows: adult males 7.5%, adult females 7.3%, and teenagers 15%. Teenagers account for 12% of the total labor force, while men account for 54% of the adult labor force. What is the actual unemployment rate nationwide?
A. 0.078
B. 0.083
C. 0.088
D. 0.092
E. 0.096
Assume the unemployment rates among different groups in the labor force are as follows: teenagers 21%, males 8.5%, adult females 8.6%. Teenagers account for 8% of the total labor force, while men account for 56% of the total labor force. What is the actual unemployment rate nationwide?
A. 0.078
B. 0.082
C. 0.086
D. 0.09
E. 0.094
Policy makers should be aware that they
A. can never lower the unemployment rate without causing a rapid increase in the rate of inflation
B. can reduce unemployment without causing inflation if they start off slowly but intensify their efforts as the economy approaches full employment
C. may be able to stimulate the economy out of a deep recession without significantly accelerating inflation
D. must always deal with the large long-run tradeoff between inflation and unemployment
E. can announce a policy change, which will create more rational expectations and enable them to reduce inflation without any costs to society