Unemployment data in the U.S. are published by the:

Unemployment data in the U.S. are published by the:
 a. Bureau of Economic Analysis.
  b. Bureau of Labor Statistics.
  c. Department of Commerce.
  d. Bureau of Federal Intelligence.
  e. Internal Revenue Service.

Question 2

Who among the following individuals will not be a part of the U.S. labor force?
 a. An unemployed computer worker who has given up looking for a job
  b. A college graduate seeking job after graduation
  c. An unemployed person who is not working because of a labor dispute
  d. A person who can work only part-time
  e. A person who recently moved to a new city and has not yet found a job

Question 3

Which of the following will be considered a lagging indicator of the business cycle?
 a. Money supply
  b. New building permits
  c. Unemployment duration
  d. Unemployment claims
  e. New plant and equipment orders

Question 4

Which of the following is not a coincident indicator of the business cycle?
 a. Unemployment claims
  b. Payroll employment
  c. Industrial production
  d. Personal income
  e. Manufacturing and trade sales

Question 5

Which of the following would be considered a leading indicator?
 a. Prime interest rate
  b. Personal income
  c. Money supply
  d. Inventories to sales ratio
  e. Unemployment duration

Question 6

An increase in stock prices can be considered as an increase in:
 a. a leading indicator.
  b. a coincident indicator.
  c. the consumer price index.
  d. the consumer leverage ratio.
  e. a lagging indicator.

Question 7

A leading indicator:
 a. changes in either direction before a recession starts.
  b. usually declines before a recession starts.
  c. generally changes after real GDP changes.
  d. remains unaffected by changes in real GDP.
  e. does not change with business cycles.

Question 8

Which of the following monthly data series is closely observed by the Business Cycle Dating Committee of the NBER?
 a. Real personal income less transfer payments
  b. Wholesale prices of goods
  c. Real GDP
  d. Total unemployment
  e. Real interest rates

Question 9

The official dating of recessions in the United States is the responsibility of the:
 a. Bureau of Labor Statistics (BLS).
  b. Internal Revenue Service (IRS).
  c. Federal Reserve.
  d. Congress.
  e. National Bureau of Economic Research (NBER).

Question 10

How is recession defined by the National Bureau of Economic Research NBER?
 a. Two consecutive quarters of declining GDP
  b. A significant decline in total output, income, employment, and trade for six months to one year
  c. A dramatic decline in unemployment for less than six months
  d. A sharp increase in money supply and the market rate of interest
  e. A significant decline in stock prices over three consecutive quarters of a business year

Question 11

Economists call a severe prolonged economic recession a:
 a. slump.
  b. depression.
  c. stagnation.
  d. stagflation.
  e. trend.