19.Suppose the government launches asuccessful advertising campaign thatconvinces workers with high schooldegrees to quit their jobs and become fulltime students. This would causeO a. the number of discouragedworkers to increase.O b. the labour force participation rateto decrease.O c.no change in the unemploymentrate.O d.the unemployment rate todecrease.Oe. the employment population ratioto increase.20. Suppose the working-age population of afictional economy falls into the followingcategories: 90 are retired orhomemakers: 60 have full-timeemployment; 20 have part-timeemployment; 20 do not haveemployment, but are actively looking foremployment; and 10 would likeemployment but do not haveemployment and are not actively lookingfor employment. The officialunemployment rate as calculated byStatistics Canada would equalO a. (20/100) 100%.O b. (30/80) 100%.O c. (60/90) 10096.O d. (20/60) 100%.O e. (20/80) 100%.21. Suppose you borrow $1,000 at an interestrate of 12 percent. If the expected realinterest rate is 5 percent, then the rate ofinflation over the upcoming year thatwould be most beneficial to you would bea rate of inflationO a. greater than 7 percent.O b. less than 7 percent.O c. equal to 0 percent.O d. equal to 7 percent.o e. equal to 3 percent.27. The Employment Insurance programo a. eliminates structural unemployment.O b. increases cyclical unemployment.O c. pays the unemployed a benefitequal to twice the average wage.O d. increases the amount of time theunemployed spend searching fora job.O e. decreases the level of frictionalunemployment.28. The equilibrium wage in a local labourmarket is $12 per hour. If a minimumwage of $15 per hour is imposed, whichof the following will occur?The equilibrium wage in a local labourmarket is $12 per hour. If a minimumwage of $15 per hour is imposed, whichof the following will occur?O a. There will be a decrease inautomation.O b. There will be an increase inunemployment.O c. There will be an increase in thequantity of labour demanded byfirms.O d. There will be a decrease in thequantity of labour supplied byhouseholds.Oe. All of the above will occur.29. The increase in quality bias in theconsumer price index refers to the ideathat price increases in the CPI reflect pureinflation, but quality increases. This causes the CPI tothe cost of the market basket.O a. also; understateO b. not: overstateO c. also; overstateO d. also; not changeOe. not; understate30. The labour force participation rate isdefined asO a. the percentage of the working-age population that isunemployed.O b. the percentage of the labourforce that is employed.O c. the percentage of the working-age population in the labourforce.O d. the percentage of the working-age population that is employed.Oe. the percentage of the labourforce that is unemployed.

E Question 16 Monthly expenditures for a family of 4 in ECON_1950_02_202230 Not yet 2019 averaged $1,400. In 2020, the cost answered of the same purchases was $1,500. If Participants Marked out of 2010 is the base year, what was the CPI in 1.00 2011? Grades P Flag question O a. 100 Sections O b. 93 O c. 110 Resources O d. 85 O e. 107 UNTERS Activities Forums Question 17 Statistics Canada surveys 16,758 Quizzes Not yet Canadian households on their spending answered habits. The results are used to construct a Media Gallery Marked out of typical basket of goods and services 1.00 purchased by a typical household. Which P Flag of the following is not one of the broad Dashboard question categories of the basket? My Media O a. stocks and savings Calendar O b. alcohol and tobacco O c. shelter Private files O d. health and personal care O e. clothing and footwear My courses ECON_1950_02_202230 Question 18 Structural unemployment is the result of Not yet ECON_1900_02_202230 answered O a. the search process of matching Marked out of workers with jobs. MNGT_1710_01_202230 1.00 O b. the ups and downs in inflation. P Flag W122 Int'l Orientation question O c. a persistent mismatch between the skills and characteristics of International Guide workers and the requirements of Summer 2022 the jobs. O d. the entry of new workers into the BG-SOBE labour force. Undergraduate O e. a slowdown in the economy. Programs Question 19 Suppose the government launches a Not yet successful advertising campaign that answered convinces workers with high school Marked out of degrees to quit their jobs and become full 1.00 time students. This would cause P Flag question O a. the number of discouraged workers to increase O b. the labour force participation rate to decrease. O c. no change in the unemployment