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
An individual who is not working for work is classified as
Unemployable
Unemployed
Hardcore unemployed
A discouraged worker
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
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.
Unemployment resulting from changes in the pattern of demand or supply in the economy is called
Regional
Technological
Structural
Frictional
An increase in the average level of prices of goods and services is.
Deflation
Recession
Depression
inflation
Unemployment resulting from real wages being above their equilibrium level is called ______ unemployment.
Disequilibrium
Natural
The greater the marginal propensity to import
The smaller the spending multiplier
The greater the spending multiplier
The greater net exports
The greater demand
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
All of the above
