What type of unemployment is a by-product of geographic and occupational mobility and is NOT generally considered to be a serious problem?

Question 49 options:

cyclical unemployment

frictional unemployment

structural unemployment

underemployment

If consumption is a direct function of disposable income, what would be the result of an increase in personal taxes?

Question 47 options:

an increase in consumption but NOT in aggregate demand

a decrease in net exports

a decrease in consumption but NOT in aggregate demand

a decrease in both consumption and aggregate demand

Which of the following best describes the impact of the implementation of a new technology in the economy?

Question 2 options:

It gets rid of structural unemployment.

It creates economic growth, and therefore job growth.

It causes considerable job losses.

It causes a substantial hardship on the whole labour force.

Which of the following is most likely to contribute to economic growth as measured by real GDP per capita?

Question 3 options:

an increase in marginal tax rates

increased capital formation

the imposition of tariffs and quotas on imported goods

rapid population growth

What does the labour force consist of?

Question 4 options:

all persons aged 15 and older who are able to work

all persons aged 15 and older who are working, plus those NOT working

discouraged workers, employed workers, plus those actively seeking work

all persons aged 15 and older who are working or actively seeking work