Multiple Choice
Which of the following is the best example of frictional unemployment?
A) Inflationary pressures have led to higher wages for all jobs.
B) An ironworker cannot find a job in Ottawa because all job vacancies are in Alberta.
C) A worker is laid off because his firm has to reduce production due to reduced demand.
D) A worker quits her current job to search for a better one.
E) Bank tellers are unable to find jobs due to technological advances in the banking system.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: If the Canadian dollar exchange rate increases,
Q29: During the 1970s, Canada experienced an unusual
Q30: As the banking industry becomes more and
Q31: If a country's labour force is 15
Q32: If the cyclical unemployment rate is greater
Q34: The real interest rate must be<br>A)negative if
Q35: If nominal national income increased by 20
Q36: In macroeconomics, the term "national income" refers
Q37: If 0.75 U.S. dollars can be exchanged
Q38: If the cyclical unemployment rate is negative,