Fill in the blanks to make the following statements correct.

a. The overall unemployment rate in Canada is not a good indicator of the level of activity in the labour market because ____________.

b. Gross flows in the labour market are much ___________ than net flows in the labour market.

c. In a typical month in Canada , ___________ workers flow in each direction between unemployment and employment.

d. Cyclical unemployment exists when real GDP is __________ than potential GDP. When real GDP is equal to potential GDP, then all unemployment is either ____________ or ___________

e. Market-clearing theories assume that the labour market always ________ with flexible _________ and that any unemployment that does exist is _____________.

f. Non-market-clearing theories assume that wages do not instantly _________ to clear the market. A recessionary gap can persist and result in unemployment that is ____________.