Question 1
Under-employment means:
A.
Only self-employed B.
Not in the labour force C.
Working fewer hours or below skill level than desired D.
Earning maximum wage
Question 2
Structural unemployment is mainly caused by:
A.
Job search between roles B.
Voluntary retirement only C.
Skills and location mismatch D.
Holiday seasons only
Question 3
The economically inactive include:
A.
Only retirees claiming pensions as workers B.
All part-time workers C.
Everyone employed D.
Students not seeking work
Question 4
What is meant by structural unemployment?
A.
Caused by deficient AD in downturn. B.
Skills/geography mismatch — most worrying in LR. C.
Not seeking work (students, carers, retired, etc.). D.
Unemployment rate consistent with stable inflation.
Question 5
What is meant by employment?
A.
Short-term between jobs. B.
Economically active people in paid work. C.
Those claiming unemployment-related benefits. D.
Survey-based unemployment rate.
Question 6
What is meant by nairu?
A.
Employed plus unemployed (labour force). B.
Those claiming unemployment-related benefits. C.
Without work, available and actively seeking work. D.
Unemployment rate consistent with stable inflation.
Question 7
What is meant by economically inactive?
A.
Not seeking work (students, carers, retired, etc.). B.
Survey-based unemployment rate. C.
Employed plus unemployed (labour force). D.
Without work, available and actively seeking work.
Question 8
Cyclical unemployment rises when:
A.
AD falls in a recession B.
Exports always rise C.
Inflation is zero D.
LRAS shifts right
Question 9
What is meant by unemployment?
A.
Without work, available and actively seeking work. B.
Economically active people in paid work. C.
Employed plus unemployed (labour force). D.
Survey-based unemployment rate.
Question 10
What is meant by economically active?
A.
Those claiming unemployment-related benefits. B.
Not seeking work (students, carers, retired, etc.). C.
Employed plus unemployed (labour force). D.
Short-term between jobs.
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