15. The different types of data Suppose you have the following data set, which shows information about the inflation rate and unemployment rate for a particular country in each quarter from 1990 to 2019. The following is an example of such a data set. Unemployment Rate Inflation (Percent) Time Period (Percent) Q1 1990 2.1 4.1 Q2 1990 2.4 4.2 Q4 2019 4.5 6.1 The previous data set can best be classified as a data set.

15. The different types of data Suppose you have the following data set, which shows information about the inflation rate and unemployment rate for a particular country in each quarter from 1990 to 2019. The following is an example of such a data set. Unemployment Rate Inflation (Percent) Time Period (Percent) Q1 1990 2.1 4.1 Q2 1990 2.4 4.2 Q4 2019 4.5 6.1 The previous data set can best be classified as a data set.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 13P

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Similar questions

The total price of purchasing a basket of goods in the United Kingdom over four years is: year 1=940, year 2=970, year 3=1000, and year 4=1070. Calculate two price indices, one using year 1 as the base year (set equal to 100) and the other using year 4 as the base year (set equal to 100). Then, calculate the inflation rate based on the first price index. If you had used the other price index, would you get a different inflation rate? If you are unsure, do the calculation and find out.
What type of unemployment (cyclical, frictional, or structural) applies to each of the following: landscapers laid off in response to a drop in new housing construction during a recession. coal miners laid off due to EPA regulations that shut down coal fired power a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products. factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.
Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.
If, over time, wages and salaries on average rise at least as fast as inflation, why do people worry about how inflation affects incomes?
If inflation rises unexpectedly by 5, indicate for each of the following whether the economic actor is helped, hurt, or unaffected: A union member with a COLA wage contract Someone with a large stash of cash in a safe deposit box A bank lending money at a fixed rate of interest A person who is not due to receive a pay raise for another 11 months
Would you expect hidden unemployment to be higher, lower, or about the same when the unemployment rate is high, say 10, versus low, say 4? Explain.
Is the increase in labor force participation rates among women better thought of as causing an increase in cyclical unemployment or an increase in the natural rate of unemployment? Why?
The U.S. unemployment rate increased from 4.6 in July 2001 to 5.9 by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? My?