Exam 14: Unemployment and Inflation

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Why is 'frictional unemployment' unavoidable? _____________________________________________________________________________________________ _____________________________________________________________________________________________

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Which groups of people in Australia are more likely to experience higher levels of unemployment? _____________________________________________________________________________________________ _____________________________________________________________________________________________

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How has the labour force participation rate changed for men and women over the past 30 years in Australia? _____________________________________________________________________________________________ _____________________________________________________________________________________________

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What is 'deflation' and what effect does deflation have on borrowers of money and on asset values? _____________________________________________________________________________________________ _____________________________________________________________________________________________

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Establishing employment agencies that speed up the process of matching unemployed workers with unfilled jobs is an attempt to lower -.

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During an economic boom,many employees are asked to work more overtime hours each week.As a result of this,

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Suzanne is a full-time student who is not looking for work.Suzanne is experiencing _____________ unemployment.

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What is the unemployment rate when the labour market is considered to be at 'full employment'?

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Explain why 'discouraged workers' are not measured as being 'unemployed'. _____________________________________________________________________________________________ _____________________________________________________________________________________________

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Trade union membership in Australia in 2017 comprised approximately

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The demand for new motor vehicles falls when the economy enters a downturn and as a result,motor vehicle manufacturers sack some workers.This would be an example of -.

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Which of the following describes actual trends in the Australian labour force participation rate?

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How is 'cyclical unemployment' defined?

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From the data in the following table we can say that the cost of living rose by ________ between 2017 and 2018. Year CPI (=) 2017 100 2018 113

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Explain how the rate of unemployment is measured and discuss the weaknesses of this method of measurement. _____________________________________________________________________________________________ _____________________________________________________________________________________________

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What is caused by high anticipated inflation?

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Jill lost her job six months ago and she's been actively looking for a new job ever since.How would the Australian Bureau of Statistics classify Jill?

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The problem with inflation is that as prices rise,most consumers can no longer afford to buy as many goods and services.

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Which of the following is most likely to reduce 'structural unemployment'?

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'Hyperinflation' is caused by a country's central bank when it reduces liquidity,thereby creating a shortage of money,leading to inflation.

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