Refer to Figure 1. The labour force participation rate is ?

Related Mcqs:

If people are made unemployed because of a fall in aggregate demand this is known as ?

A. Frictional unemployment B. Seasonal unemployment C. Cyclical unemployment D. Structural unemployment...

The natural rate of unemployment is likely to fall if ?

A. unemployment benefits increase B. Income tax increases C. More training is available for the unemployed D. Geographical immobility increases...

If there is cyclical unemployment in the economy the government might ?

A. Increase interest rates B. Encourage savings C. Cut taxes D. Reduce government spending...

If the real wage is too high in the labour market ?

A. The quantity demanded of labour is higher than the quantity supplied B. The quantity demanded of labour equals the quantity supplied C. The quantity demanded of labour is lower than the quantity supplied D. It will automatically adjust in the short run to bring equilibrium...

Reducing involuntary unemployment ?

A. Helps the economy move on the to Production Possibility Frontier B. Helps shift the economy’s Production Possibility Frontier outwards C. Helps the economy move along its Production Possibility Frontier D. Helps the economy move inside the Production Possibility Frontier...