Question 5 2 pts Consider an economy where workers can be either employed or unemployed. If the job finding rate is twice the magnitude of the job separation rate then which of the following does not have to be true. O The steady state unemployment rate is 0.33 o The steady state employment rate is 0.66 o The labour force has 300 people and 200 employed o In steady state the number of unemployed finding a job equals the number of workers losing their jobQuestion 6 2 pts Consider a simple Keynesian model with taxation. Suppose the marginal rate of tax is 0.2 and the marginal propensity to consume is 0.5. Then a decrease in autonomous taxes of 100 units will: ' Decrease equilibrium output by approximately 84 units Increase equilibrium output by approximately 84 units - Increase equilibrium output by approximately 200 units Decrease equilibrium output by approximately 166 units Question 7 2 pts The Reserve Bank of Australia uses a corridor system to implement conventional monetary policy. Which of the following are FALSE? '~ A ceiling 25 basis points above the target cash rate to encourage banks to lend at lower rates The actual cash rate will always remain within the corridor without open market operations by the RBA. " A oor 10 basis points below the target cash rate to encourage banks to borrow at higher rates All of the above