The Phillips curve shows the trade-off between _____ and _____?

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

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 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

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 Short run Phillips curve can shift in response to changes in ?

A. Inflationary expectations

B. unemployment

C. the inflation rates

D. wage rates