Suppose unemployment benefits in 2022 are equal to $300 per week. If unemployment benefits are indexed to inflation and inflation between 2022 and 2023 if 5% then the change in unemployment benefits between 2022 and 2023 is:Group of answer choices$15$5$0None of the other answers

If expected inflation this year is equal to last year's inflation, and the unemployment rate has been equal to the natural rate of unemployment for the past few years, we know that:Group of answer choicesInflation rate should steadily decreaseInflation rate should steadily increaseInflation rate should remain steadyInflation rate should be zero

When the unemployment rate is above the natural rate of unemployment, the inflation rate typically decreases. When the unemployment rate is below the natural rate of unemployment, the inflation rate typically increases.Group of answer choicesBoth statements are trueThe first statement is true, the second is falseThe first statement is false, the second is trueBoth statements are false

Suppose that James’s income in Year 1 was $40,000. Over the next four years his income increases by 7% per year. At the same time, the economy experiences an inflation rate of 5% per year.  a. Complete the table below. Do not round your intermediate calculations. Enter your final responses as a whole number for Nominal income and Real income. Enter your final responses for the price index rounded to one decimal place. Year Nominal income Price index Real income1 $40,000 100 $ 2 3 4 5 b. At the end of Year 5, James’s real income will be $ .

An employee was hired at a bi-weekly rate of $500.00. Each year, for two years, they received a 5% increase over their present pay. How much should the employee be paid, bi-weekly, after their second salary increase?

Which of the following will tend to occur when a high proportion of a country's workers have indexed wages?Question 14Select one:a.A given change in the unemployment rate will cause a larger change in the inflation rate.b.The unemployment rate to be relatively high.c.The inflation rate to be relatively low.d.The unemployment rate to be relatively low.e.None of the above.