A. Inflationary expectations
B. unemployment
C. the inflation rates
D. wage rates
Aggregate Supply, Unemployment And Inflation
A person who is made redundant because of the contraction of an industry is a victim of ?
A. frictional unemployment
B. demand-deficient unemployment
C. classical unemployment
D. structural unemployment
The equilibrium rate of unemployment at any real wage, is the difference between …… and ……?
A. those willing to work at the going wage labour demand
B. labour demand those willing to work at the going wage
C. labor demand, labor supply
D. those willing to work at the going wage labor supply
Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?
A. Keynesian policies
B. Supply-side policies
C. Monetarist Policies
D. Classical policies
The abolition of income tax would probably …… the number of workers in employment and ……. the equilibrium rate of unemployment?
A. increase reduce
B. increase, increase
C. reduce, increase
D. reduce, reduce