WCS 12ECON - 2.4 Quiz One

Which of these surveys 15,000 households every three months?

Roger has given up his job to look after his new baby. This type of unemployment is...

What is Unemployment?

Unemployment that results from natural market turnover

On the PPF point E represents

An decrease in Aggregate Supply will

Jim can't find a job because of the recession in the economy. This type of unemployment is...

Disequilibrium in the Labour Market causes...

Groups of firms whose sales & revenue are dropping are called

On the PPF point B represents

An increase in Aggregate Demand is shown by a move of the AD curve 

Groups of firms whose sales & revenue are growing are called

On the PPF point C represents

Voluntary unemployment is

Unemployment that results from changes in production levels in the economy

Derived demand is caused by

An increase in Aggregate Demand will

The recessionary gap is the distance between total output and full employment in an economy

Supply of labouris affected by

Who keeps a register of unemployed, and published each month?

An decrease in Aggregate Supply is shown by a move of the AS curve 

On the PPF point A represents

NZ Residents,not in an institution, aged of 16+

Louise has lost her job as coal miner as the mine was closed. This type of unemployment is...

Demand for labour is affected by

Unemployment that results from a mis-match of workers skills and locations