Unemployment resulting from imperfect information in the labour market is called
Frictional
Natural
Structural
Regional
Unemployment resulting from real wages being above their equilibrium level is called ______ unemployment.
Disequilibrium
Aggregate demand is the total demand for all goods and services in an economy from.
The household and government sectors
The household sector
All sectors of the economy including the rest of the world
All sectors except the rest of the world
If the economy is operating at its full capacity or potential GDP following a decline in business confidence.
Investment is likely to fall and unemployment is likely to increase
Investment and employment are likely to remain unchanged
Firms are likely to increase then investment in new plant and machinery.
All the above
The natural rate of unemployment can be reduced by
Increasing aggregate demand via expansionary fiscal and monetary policies.
Increasing various supply side initiatives designed to improve the structure and functioning of the labour market.
Introducing various supply side indicatives designed to improve the structure and functioning of the labors market.
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.
Which of the following is true about a period of inflation?
Prices of all goods stay the same or are rising
All prices are rising
The average price level is rising
All of the above
Unemployment resulting from changes in the pattern of demand or supply in the economy is called
Technological
Macro economics is concerned with
The study of the behaviour of individual households and firms
The determination of the relative prices of particular goods and services
The knowledge and skills of workers in an economy
The study of the behaviour and performance of the economy as a while
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.
