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2. 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 it does not indicate b. Gross flow 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 OF e. 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