"Australia has aimed to achieve full employment by implementing various employment and labor market programs". Achieving full employment would indicate that: A. Everyone in the Australian economy has a job. B. There is no unemployment in the economy. c. Australia has reached the level of employment where all workers are fully utilized, and there is no cyclical unemployment. D. Only a small percentage of the Australian workforce is unemployed.

"Australia has aimed to achieve full employment by implementing various employment and labor market programs". Achieving full employment would indicate that: A. Everyone in the Australian economy has a job. B. There is no unemployment in the economy. c. Australia has reached the level of employment where all workers are fully utilized, and there is no cyclical unemployment. D. Only a small percentage of the Australian workforce is unemployed.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The Village of Lake Meyer has 250,000 people. There are 180,000 people working and 10,500 people looking for a job. Of those who are unemployed, 5,000 are structurally unemployed and 4,500 are frictionally unemployed. How many people are cyclically unemployed? A 15,000 B 10,500 C 1,000 D 9,500
Economic
1
1. To be considered unemployed, a person needs to meet 2 qualifications: a. b. 2. Historically, what are the highest and lowest unemployment rates in our history? 3. There are 5000 people of working age. 2500 people are working full time. 900 are working part time. 350 people are without jobs and looking for work. a. Calculate the unemployment rate. b. Calculate the labor force participation rate. #3 % & 3 4. 8 6. e y W f k a C V m alt alt
A-C pls
1. Individuals with less than a high school diploma a. Have lower unemployment rates and higher earnings than those with a college degree. b. Have higher unemployment rates and higher earnings than those with a college degree. c. Have lower unemployment rates and lower earnings than those with a college degree. d. Have higher unemployment rates and lower earnings than those with a college degree.
Economic Q7 onlys
If a person rejoins the labor force and starts looking for work, then the unemployment rate a. increases and the labor-force participation rate is unaffected.b. increases and the labor-force participation rate also increases.c. is unaffected as the labor-force participation rate increases.d. and the labor-force participation rate are both unaffected.
Draw a diagram of GDP growth, inflation, and unemployment changing over time during a recession. Explain the timing on unemployment changes. Why might measured unemployment continue to rise after output starts to recover?
9. Structural unemployment occurs becauseA. it takes time for workers to search for the jobs that best suit their tastes and skills.B. minimum wage laws force the wages to remain above their equilibrium levels.C. some people are economically inactive.D. the number of jobs available in some labour markets is insufficient to provide a job for everyone who wants one. PROVIDE A BRIEF WRITTEN EXPLANATION JUSTIFYING YOUR CHOICE.