What type of unemployment is associated with recessions?

a.Seasonal.

b.Structural.

c.Cyclical.

d.Natural.

e.Search.

Using the "rule of 70", how can we find the number of years it will take for prices to double?

a.By dividing the annual rate of inflation by 70.

b.By dividing 70 by the annual rate of inflation.

c.By subtracting the annual change in nominal incomes from 70.

d.By multiplying the annual rate of inflation by 70.

e.By subtracting nominal income from real income and multiplying by 70.

Which of the following would most likely decrease the rate of frictional unemployment?

a.A simultaneous increase in the number of retirements and new job seekers entering the labour force.

b.A decrease in employment insurance benefits.

c.An increase in average job search time.

d.An economic expansion.