Amplitude measures of business cycle - is...

a.

vertical distance between "boom" point and "bottom" point

b.

distance between nearly "boom" points

c.

distance form "bottom" or "boom" till the trend line

d.

distance between nearly "bottom" points

Involuntary unemployment occurs when...

a.

jobseeker's allowance is expected to be raised

b.

the minimum wage rates are expected to be raised

c.

the employees are expecting to sign seasonal work contracts

d.

the real wage rate exceeds the balanced rate

What factors can be viewed as common for frictional and structural types of unemployment?

a.

certain jobs see excessive demand for labour, while other jobs see excessive supply of labour

b.

there is a skill shortage among the employees

c.

macroeconomic labor market is well balanced

d.

economic cycle dependency

What does S. Kuznetc's hypothesis state?

a

Ginicoefficient does not depend on decile coefficient

b.

people with lower income have higher propensity to consume, which balances out the revenue distribution inequality

c.

the grown of GDP per capita first results in the increase of revenue distribution inequality then leads to its decrease

d.

decrease of the revenue distribution inequality results in the improvement of social welfare