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- 1. Multiple Choice
Cyclic Unemployment occurs when
There is a fall in the aggregate demand
Workers are in between jobs
When there is a fall in population
Demand falls during different times of the year
- 2. Multiple Choice
Unemployment caused by long-term changes in the patterns of demand is known as
Cyclic Unemployment
Frictional Unemployment
Structural Unemployment
Seasonal Unemployment
- 3. Multiple Choice
Which of the following policies will be used to reduce frictional unemployment?
Use supply-side policy measures to improve the performance of the labour market.
Supply-side policy measures to improve the quality of training and education.
Expansionary fiscal policy and monetary policy measures to increase government spending and decrease taxes
Contractionary monetary policy to increase rates of interest
- 4. Multiple Choice
What is a flexible labour force?
A labour force that is able to specialize in only one form of production
A labour force that can adjust quickly and smoothly to changes in market conditions
A labour force that is able to avoid frictional unemployment
A labour force that is more efficient than capital equipment
- 5. Multiple Choice
What is unemployment
Being without a job while willing and able to work
Being without a job while unwilling but able to work
Being without a job while willing but unable to work
Being without a job while unwilling and unable to work
- 6. Multiple Choice
What is technological unemployment?
Unemployment caused by technical problems in the firm
Unemployment caused by technical diseconomies of scale
Unemployment caused by workers being replaced by capital equipment
- 7. Multiple Choice
Which of the following are of working age, but do not form a part of the labour force
People past the age of retirement
People who are in full-time education
The self-employed
The unemployed
- 8. Multiple Choice
A country's iron industry closed down, as buyers switch their purchases of iron to another country, what type of unemployment will occur as a result of this?
Cyclical
Seasonal
Frictional
Structural
- 9. Multiple Choice
Unemployment arising from workers regularly being between periods of unemployment is what type of unemployment?
Cyclical unemployment
Casual unemployment
Regional unemployment
Seasonal unemployment
- 10. Multiple Choice
What is a cost of unemployment?
Low productivity
Lost output
Higher tax revenue
Reduced inflationary pressure
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