Question

Which of the following is true of the early stages of a recovery?

a. job creation is rapid but the unemployment rate stays high
b.   job creation is slow and the unemployment rate stays high
c.   job creation is rapid and the unemployment rate falls quickly
d.   job creation is slow, but the unemployment rate tends to fall very quickly

Which of the following statistics does the general public usually watch closely in order to assess or determine how the macro economy is doing?

a.    the inflation rate derived from the CPI-U
b.    the inflation rate derived from the CPI-W
c.    New Jobs Created
d.    the Unemployment Rate
e.    real GDP

“Planning” often has the connotation of being precise and optimal. However, in actual practice, the goal of “material balancing” in the Soviet Union was to
a.    simply get a roughly balanced plan
b.    get a plan that maximized consumer goods production
c.    get a plan the was the very best plan for the economy
d. get a plan that made communist distribution possible
e.    get a plan that was not optimal, but one that was fair to all

Answer 1

1. The is option b  job creation is slow and the unemployment rate stays high in the early stages of recovery from a recession, the companies they tend to wait for the sustainabilty of an economic recovery before they start hiring and many unemployment people who give up looking for the jobs return to the labor market which raises the unemployment rate, So in the early stage of recovery not only unemployment rate is high but job creation is slow.

2. According to methe following  statistics the general public usually watch closely in order to assess or determine how the macro economy is doing:

Option a  the inflation rate derived from the CPI-U general public eagerly monitor the change in prices to determine the health of the economy, CPI U is the general index which includes the retail prices that affects all the urban consumers. CPI-W which includes the retail prices that affects all the urban horly workers and clerical workers, is the part of CPI=U

Option d. The unemployment rate which tells the employment condition of the economy, It is one of the important factors which general public watch closely.

Option e. real GDP which tells the about the output produced in the economy the spending in the economy. People considered it as an important indicator.

3. the goal of “material balancing” in the Soviet Union was to Option e,get a plan that was not optimal, but one that was fair to all   in maaterial balancing the the plan was not optimal was just a balanced plan was the most equitable distribution of resources.