a) Give a definition for the Labour Force. What is meant by "the rate of unemployment"? Consider a small island developing state (SIDS) of the Caribbean. What could account for the rate of unemployment being over-stated or under-stated? b) * Explain the differences between the three types of unemployment and outline potential policy solutions to each. What is full-employment unemployment? c) Fill in the blanks and then represent each statement graphically. i. "Another name for unemployment is excess _____ labour". ii. "Wages and employment move in the ______ direction when the demand for labour fluctuates and in the _____ direction when the supply for labour fluctuates" . d) * What is meant by 'sticky wages'? What is its impact in the determination of unemployment over the business cycle? Graphically illustrate. e) * What is the meaning and significance of the acronym NAIRU? What are the main determinants of the NAIRU? Can government policy influence the NAIRU? f) Why is unemployment considered a major issue and challenge for the SIDS of the Caribbean sub- region? (A review of the article "Youth Unemployment in the Caribbean" pg 4 - 10 may be helpful here - available on myelearning)