Unemployment resulting from imperfect information in the labour market is called
Frictional
Natural
Structural
Regional
As inflation increases and becomes more volatile resulting in greater uncertainty.
The price system becomes less efficient as a coordinating mechanisms
Investment by firms is likely to increase
International competitiveness is likely to improve
Consumption by households is likely to increase.
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
Unemployment resulting from real wages being above their equilibrium level is called ______ unemployment.
Disequilibrium
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.
Cyclical unemployment is the
Portion of unemployment that is due to changes in the structure of the economy that results in a significant loss of jobs in certain industries.
Unemployment that occurs during rescession and depressions
Portion of unemployment that is due to the normal working of the labour market
Unemployment that results when people becomes discouraged about their chances of finding a job so they stop looking for work
The main objectives of macro economic policy are
A high and stable level of employment
A low and stable rate of inflation
A stable and satisfactory rate of economic growth
All of the above
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.
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
An individual who is not working for work is classified as
Unemployable
Unemployed
Hardcore unemployed
A discouraged worker
