Part B: True $/$ False with explanation: Employment and Unemployment; Full employment $(24$ ?marks $)$

$1.$ ?The employment to population ratio is the percentage of the working $-$ age population in the labour force.

$2.$ ?If the employment to population ratio increases, unemployment always decreases.

$3.$ ?George was laid off last month, and is waiting to be recalled to his old job, so he is not actively seeking other work. George is NOT counted as unemployed.

$4.$ ?If the working $-$ age population is $600000,$ ?employment is $400000,$ ?and unemployment is $30000,$ ?then the unemployment rate is $7\%.$

$5.$ ?A fulltime college student seeking a job is counted as unemployed.

$6.$ ?If the number of discouraged workers decreases, the employment to population ratio decreases as they begin to look for jobs.

$7.$ ?Discouraged workers are counted as unemployed but probably should not be $.$

$8.$ ?Being unemployed for a few months after graduating from school always hurts the graduate.

$9.$ ?A decline in the number of jobs in the automobile sector matched by an equal increase in the number of jobs offered in the banking sector will NOT alter the unemployment rate.

$10.$ ?At full employment there is no unemployment.

$11.$ ?Biff has graduated from high school and is looking for his first job. Biff is frictionally unemployed.

$12.$ ?Fluctuations in unemployment over the business cycle create frictional unemployment.