Labour market reforms are designed to?

Improve the quality and quantity of the labour supply

Which of the following is not a form of labour market reform?

Business replacing staff with robots

Budgetary Policies are...

Annual changes by the Govt. with taxes and expenditure.

Which of the following is a Budgetary policy that can increase AD of labour?

The Govt. decide to build a new road.

An example of budgetary policy to increase the Aggregate Supply of labour is?

People fighting for better working conditions.

Monetary Polices are...

When the RBA enforce a change to the cash rate

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Employment: AD and AS Policies

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A revision of Budgetary and Monetary polices affecting the Aggregate Demand and Aggregate Supply of the labour market.

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Questions 12

Answers

1
Microeconomic polices effect Aggregate Supply of labour?
False
True
2
Trade liberalisation involves...
Reducing tariffs
All of the above
Reducing non-tariff barriers
Reducing/removing quotas
3
Labour market reforms are designed to?
Improve the quality and quantity of the labour supply
Replace people with machines
Increase unemployment
Encourage businesses to downsize
4
Which of the following is not a form of labour market reform?
Business replacing staff with robots
Welfare reforms
Employee Incentives
Skill gaps
5
What are the two types of AD policies?
Budgetary and Microeconomic
Tax Reform and Interest Rates
Cyclical and Structural
Budgetary and Monetary
6
Budgetary Policies are...
Annual changes by the Govt. with taxes and expenditure.
The Govt. paying their bills
Quarterly changes to tax rates
Interest rate cuts
7
Cyclical Unemployment is created by?
Weak AD side causes
Weak AS side causes
8
Which of the following is a Budgetary policy that can increase AD of labour?
Business Tax Increase
Interest Rate Decrease
The Govt. decide to build a new road.
Income Tax Increase
9
Which of these is not a form of natural unemployment?
Cyclical
Structural
Hard-core
Frictional
10
The RBA cut the Cash rate but banks do not cut interest rates what happens to AD for labour?
None of the above
Stays the same
Increases
Decreases
11
An example of budgetary policy to increase the Aggregate Supply of labour is?
No govt. funded infrastructure projects
People fighting for better working conditions.
More people getting Centrelink payments
People undertaking less education and training.
12
Monetary Polices are...
Interest rate changes from the RBA
When the RBA enforce tax cuts
When the Govt. enforce tax cuts
When the RBA enforce a change to the cash rate

Employment: AD and AS Policies Flashcards | StudBud