Please help me with the following multiple choice questions.

a. The relationship between job vacancies and the unemployment rate is called

• the Beveridge curve
• the original Phillips curve
• the augmented Phillips curve
• Okun's law
• none of the above

b. Concerns about high unemployment

• are not justified since most people find new employment in less than 3 months
• are irrational since the government routinely provides unemployment benefits for more than one year
• arise from its high costs in terms of lost output
• stem from the fact that when unemployment is high, wage is set too low
• are not justified since labour force status is cyclical and can be eliminated on its own

c. Based on what we know about the unemployment rates of adult males and females over the last four decades, which of the following is true?

• the female unemployment rate was consistently higher than the male rate
• the male unemployment rate was consistently higher than the female rate
• after 1980, males experienced much more drastic changes in unemployment than females
• the unemployment rate for males never exceeded 10 percent
• none of these options are true

d. The natural rate of unemployment can be reduced by

• expansionary monetary policies, but this would create more inflation
• expansionary fiscal policies, such as an income tax decrease
• restrictive fiscal policies designed to balance the federal budget
• training and skills programs that focus on teenagers and the long-term unemployed
• none of these can reduce the natural rate of unemployment

e. The duration of unemployment depends on

• how organized the labour market is in matching potential workers with jobs
• the age, sex, and racial mix of the labour force
• the ability and desire of those who are unemployed to hold out for a better job
• the availability of jobs that match workers' skills
• all of these affect the duration of unemployment

f. The fact that an increase in the unemployment rate by 1 percent will lead to a roughly 2 percent loss in output is referred to as

• the sacrifice ratio
• the replacement ratio
• the misery index
• the Beveridge relationship
• Okun's law

g. Which of the following people has moved out of the pool of unemployment?

• Peter, who got hired as a part-time security guard
• Paul, who was laid-off two months ago but got a recall notice to resume his job at the assembly line starting next week
• Mary, who has given up looking for a job, leaving the work force permanently
• all of these people have moved out of the unemployment pool
• both Peter and Mary

h. Which recessionary period given below had the highest unemployment rate in Canada?

Multiple Choice

• 1974-75
• 1981-82
• 1990-91
• 2001-02
• 2007-09

i. Assume that the unemployment rates among different groups in the labour force are as follows: adult males 7.5%, adult females 7.3%, and teenagers 15%. Teenagers account for 12% of the total labour force, while men account for 54% of the adult labour force. What is the actual unemployment rate nationwide?

Multiple Choice

• 7.8%
• 8.3%
• 8.8%
• 9.2%
• 9.6%

j. Okun's law states that for a 1 percent increase in the unemployment rate above the natural rate of unemployment

• real GDP will fall by about 2 percent
• real GDP will fall by about 1 percent
• real GDP will fall by about 0.5 percent
• the rate of inflation will decline by about 2 percent
• the rate of inflation will decline by about 0.5 percent