Economic

1.16 The policy instrument that China's central bank is making use of here is that of: (4 marks) a) Fiscal policy b) Open market policy. c) Public debt management. d) Intervention in foreign exchange markets. 1.17 Read the following and answer questions 1.17 - 1.18. Oregon marked a milestone last month by returning to pre-pandemic employment levels, rebounding much faster than during prior recessions. But some sectors, notably hospitality, haven't fully recovered. That's largely because of an ongoing worker shortage that has constrained businesses ability to staff up. The unemployment being addressed in the above quote is. (4 marks) a) Cyclical unemployment b) Seasonal unemployment ") Hidden unemployment d) Frictional unemployment 1.18 The costs to the hospitality industry being presented in the above quote are. 4 marks a) Social cost 6) Economic cost c) Political cost d) Distribution cost