Multiple Choice
If the economy is at full employment, then
A) the entire population is employed.
B) the entire labour force is employed.
C) the only unemployment is frictional unemployment plus discouraged workers.
D) the unemployment rate is less than 3 percent.
E) all unemployment arises from normal frictions and structural change.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: People become unemployed when they<br>A)retire.<br>B)are on maternity
Q8: Choose the incorrect statement.<br>A)The outlet substitution bias
Q9: If the number of discouraged searchers increases,
Q10: In a country with a working-age population
Q11: Counting discouraged searchers as unemployed would<br>A)not change
Q13: In a recession, typically<br>A)unemployment rises.<br>B)the employment-to-population ratio
Q14: Use the table below to answer the
Q15: Full employment<br>A)occurs when all unemployment is cyclical
Q16: If the CPI was 128 at the
Q16: Henelyn lost her job as a factory