The greater the marginal propensity to import
The smaller the spending multiplier
The greater the spending multiplier
The greater net exports
The greater demand
According to the original phillips curve as unemployment falls.
Inflation decrease
Inflation remains unchanged
Inflation increases
Outfalls
The labour force can be defined as
Those who could claim benefit if they were to become unemployed.
The population between school leaving age and retirement age
Anyone who is working or actively seeking work
Those of working age who are seeking work and are available to for work at current wage rate.
Unemployment resulting from real wages being above their equilibrium level is called ______ unemployment.
Structural
Frictional
Disequilibrium
Natural
Structural unemployment arises
When people find themselves temporarily between jobs in the labour market.
Due to a deficiency of aggregate demand
When inflation is accelerating
When labour released from declining industries does not have the skills required to fill or is not living in the location where there exciting job vacancies.
The percentage of the labour force that is unemployed is the
Labour force rate
Unemployment rate
Employment rate
Unemployment population ratio