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
A. increase reduce
B. increase, increase
C. reduce, increase
D. reduce, reduce
A. Keynesian policies
B. Supply-side policies
C. Monetarist Policies
D. Classical policies
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
The Short run Phillips curve can shift in response to changes in ?
A. Inflationary expectations
B. unemployment
C. the inflation rates
D. wage rates
The Phillips curve shows the trade-off between _____ and _____?
A. the inflation rate, interest rates
B. the inflation rate, the unemployment rate
C. interest rates, output
D. output, employment