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Microeconomics Study Set 28

Business

Quiz 30 :

Unemployment Fluctuations and the Nairu

Quiz 30 :

Unemployment Fluctuations and the Nairu

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One reason that economists are interested in gross flows in the labour market as well as in the stock of unemployment is that examining the gross flows
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Answer:

D

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Suppose John finishes school and immediately gets a part-time job.The measured unemployment rate would
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Answer:

D

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Suppose the official rate of unemployment reported by Statistics Canada is 7.2%.One reason this is likely to be an understatement of the amount of ʺtrueʺ unemployment is that
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Answer:

B

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If the actual unemployment rate is equal to the NAIRU,then
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The total amount of unemployment in the economy is constant when the flows of individuals
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If there are more job vacancies in the economy than there are unemployed workers,it is likely that
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Suppose the official rate of unemployment reported by Statistics Canada declines from one month to the next from 7.5% to 7.2%,but we also know that the stock of unemployed workers has not changed.How is this possible?
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Suppose that next year 300 000 existing jobs in the economy are eliminated through layoffs and plant closures,and 400 000 new jobs are created through expansions and the creation of new firms.The amount of unemployment will rise over that year if
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When the actual unemployment rate is equal to the NAIRU,we can say that
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The total amount of unemployment in the economy decreases when the flows of individuals
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When the growth rate of the labour force is greater than the growth rate of total employment,the unemployment rate
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When the growth rate of the labour force is less than the growth rate of total employment,the unemployment rate
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One reason that economists are interested in the gross flows in the labour market as well as the stocks of unemployed is that examining the flows
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Suppose in a given month the flow out of unemployment equals 300 000 per month,and the flow into unemployment equals 330 000 per month.The rate of unemployment has
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The total amount of unemployment in the economy rises when the flows of individuals
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When real GDP is greater than potential output,the unemployment rate the NAIRU.
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Suppose that next year 300 000 existing jobs in the economy are eliminated and 200 000 new jobs are created.The amount of unemployment will decline over that year if
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When one worker is unemployed for one year,
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If the actual unemployment rate is one percentage point less than the NAIRU,then
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When real GDP is less than potential output,the unemployment rate ________ the NAIRU.
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