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ECON 200 UOFA Exam 3 Study Guide 2025 | University of Arizona
Principles of Economics Practice Questions and Answers
Prepare for your ECON 200 Exam 3 at the University of Arizona with this complete 2025
study guide. Includes key macroeconomics and microeconomics concepts, sample questions,
formulas, and practice tests designed to help UOFA students pass with confidence.
• ECON 200 UOFA Exam 3
• University of Arizona ECON 200 Exam 3 study guide
• ECON 200 Exam 3 answers 2025
• UOFA principles of economics exam 3
Alex is unemployed but looking for work. For many years he worked as a video store manager for
Blockbuster, but since 2013 he has been unable to find a similar position. He is considered
A) structurally unemployed.
B) frictionally unemployed.
C) underemployed.
D) a discouraged worker. - ANSWER-A) structurally unemployed.
After many months a job seeker gives up and stops looking for work. They are considered
A) structurally unemployed.
B) frictionally unemployed.
C) cyclically unemployed
D) a discouraged worker. - ANSWER-D) a discouraged worker.
If there is no cyclical unemployment in the economy, then
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A) the economy is considered to be at full employment.
B) the unemployment rate is below the natural rate of unemployment.
C) the unemployment rate is above the natural rate of unemployment.
D) the economy's unemployment rate is zero. - ANSWER-A) the economy is considered to be at full
employment.
One of the problems in measuring inflation over time is that
A) prices tend to fall from year to year.
B) changes in consumption patterns and innovations make comparisons across years problematic.
C) prices tend to rise each year.
D) prices are always the same each year. - ANSWER-B) changes in consumption patterns and innovations
make comparisons across years problematic.
If an economy is experiencing cost-push inflation what will happen to prices and economic output?
A) prices and output will both increase.
B) prices and output will both fall.
C) prices will rise and output will fall. - ANSWER-C) prices will rise and output will fall.
If the growth rate is approximately 5%, how long will it take a nation's GDP to double?
A) 4 years.
B) 8 years.
C) 14 years.
D) 20 years. - ANSWER-C)14 years
33) Which of these solutions is the BEST way to avoid the buildup of debt?
A) Match the growth of the money supply to the long-run growth of the economy
B) Balance the budget over the course of the business cycle
C) The Federal Reserve creates hyperinflation to make the debt worthless
D) Give the President a line item veto on everything Congress passes - ANSWER-Balance the budget over
the course of the business cycle
ECON 200 UOFA Exam 3 Study Guide 2025 | University of Arizona
Principles of Economics Practice Questions and Answers
Prepare for your ECON 200 Exam 3 at the University of Arizona with this complete 2025
study guide. Includes key macroeconomics and microeconomics concepts, sample questions,
formulas, and practice tests designed to help UOFA students pass with confidence.
• ECON 200 UOFA Exam 3
• University of Arizona ECON 200 Exam 3 study guide
• ECON 200 Exam 3 answers 2025
• UOFA principles of economics exam 3
Alex is unemployed but looking for work. For many years he worked as a video store manager for
Blockbuster, but since 2013 he has been unable to find a similar position. He is considered
A) structurally unemployed.
B) frictionally unemployed.
C) underemployed.
D) a discouraged worker. - ANSWER-A) structurally unemployed.
After many months a job seeker gives up and stops looking for work. They are considered
A) structurally unemployed.
B) frictionally unemployed.
C) cyclically unemployed
D) a discouraged worker. - ANSWER-D) a discouraged worker.
If there is no cyclical unemployment in the economy, then
, 2|Page
A) the economy is considered to be at full employment.
B) the unemployment rate is below the natural rate of unemployment.
C) the unemployment rate is above the natural rate of unemployment.
D) the economy's unemployment rate is zero. - ANSWER-A) the economy is considered to be at full
employment.
One of the problems in measuring inflation over time is that
A) prices tend to fall from year to year.
B) changes in consumption patterns and innovations make comparisons across years problematic.
C) prices tend to rise each year.
D) prices are always the same each year. - ANSWER-B) changes in consumption patterns and innovations
make comparisons across years problematic.
If an economy is experiencing cost-push inflation what will happen to prices and economic output?
A) prices and output will both increase.
B) prices and output will both fall.
C) prices will rise and output will fall. - ANSWER-C) prices will rise and output will fall.
If the growth rate is approximately 5%, how long will it take a nation's GDP to double?
A) 4 years.
B) 8 years.
C) 14 years.
D) 20 years. - ANSWER-C)14 years
33) Which of these solutions is the BEST way to avoid the buildup of debt?
A) Match the growth of the money supply to the long-run growth of the economy
B) Balance the budget over the course of the business cycle
C) The Federal Reserve creates hyperinflation to make the debt worthless
D) Give the President a line item veto on everything Congress passes - ANSWER-Balance the budget over
the course of the business cycle
