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.
Unemployment resulting from real wages being above their equilibrium level is called ______ unemployment.
Structural
Frictional
Disequilibrium
Natural
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.
According to the original phillips curve as unemployment falls
Inflation decrease
Inflation remains unchanged
Inflation increases
Outfalls
Unemployment resulting from imperfect information in the labour market is called
Regional
The greater the marginal propensity to import
The smaller the spending multiplier
The greater the spending multiplier
The greater net exports
The greater demand
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
The full costs of increased unemployment entail.
Loss of tax revenue for the authorities
Financial hardship experienced by the unemployed and their families
A range of potential social and political consequences
Unemployment resulting from changes in the pattern of demand or supply in the economy is called
Technological
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.
All the above
