Unemployment resulting from imperfect information in the labour market is called ____ unemployment?

Related Mcqs:

1. If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?

   A. falls; rise; falls; surplus
   B. is static; low; rise; deficit;
   C. falls; falls; falls; surplus
   D. rise; falls; rises; deficit

2. Unemployment resulting from real wages being above their equilibrium level is called _________ unemployment?

   A. natural
   B. frictional
   C. disequilibrium
   D. structural

3. Unemployment resulting from changes in the pattern of demand or supply in the economy is called _______ unemployment?

   A. regional
   B. technological
   C. structural
   D. demand-deficient

4. The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

   A. increase; increase
   B. increase; reduce
   C. reduce; reduce
   D. reduce; increase

5. Unemployment benefits may increase the unemployment rate because unemployment benefits ?

   A. encourage people to quit their jobs
   B. reduce the cost of job search
   C. enable people to quit searching for work
   D. reduce the benefits of additional job searching

6. Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

   A. None of these answers
   B. Disagree because they have different scientific judgments
   C. really don’t disagree at all. It just appears that they disagree
   D. disagree because they have different values

7. In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?

   A. total labour cost
   B. the marginal product
   C. the price of the product
   D. the wage rate

8. If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?

   A. falls; falls; falls; surplus
   B. is static; low; rises; deficit
   C. falls; rises; falls; surplus
   D. rises; falls; rises; deficit

9. In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?

   A. The average cost of labour
   B. The marginal product
   C. The marginal revenue
   D. The total cost of labour

10. In the short run unemployment may fall below the natural rate of unemployment if ?

    A. Nominal wages have risen less than inflation
    B. Nominal wages have risen at the same rate as inflation
    C. Nominal wages have risen more than inflation
    D. Nominal wages have risen less than unemployment