Macroeconomics Weekly Assignment 2
E
Refer to Table 19-1. In the year 2012, it is probably the case that workers are ________ and
factories are ________.
a. Facing cyclical unemployment; facing temporary shut downs
b. Working longer than normal hours; facing temporary shutdowns
c. Experiencing zero unemployment; operating extra shifts
d. Experiencing zero unemployment; operating beyond their normal capacity
e. Working longer than normal hours; operating beyond their normal capacity
A
Refer to Table 19-1. In the year 2014, it is probably the case that workers are ________ and
factories are ________.
a. Facing cyclical unemployment; facing temporary shut downs
b. Working longer than normal hours; facing temporary shutdowns
c. Experiencing zero unemployment; operating extra shifts
d. Experiencing zero unemployment; operating beyond their normal capacity
e. Working longer than normal hours; operating beyond their normal capacity
C
Women entered the labour force in large numbers in the 20th century and increased the
economy's GDP. This change
a. Created inflationary gaps.
b. Created recessionary gaps.
c. Raised potential output.
D) was only possible in an economy operating above normal rates of utilization.
E) was only possible in an economy operating below normal rates of utilization.
A
A worker is considered unemployed if that worker has no job, is legally eligible to work,
a. And is actively searching for employment.
b. And is not collecting unemployment insurance.
c. Whether the worker is looking for a job or is not looking for a job.
d. But only if they previously held a job.
e. But only if they were previously employed for at least three consecutive months.
, D
Consider the growth in Canada's labour force and employment. Over the last 50 years,
a. The labour force has grown much more rapidly than employment.
b. Both the labour force and employment have remained roughly constant.
c. The number of unemployed persons has been a much larger fraction of the labour force than
it was during the first half of the 20th century.
d. The main trend of the economy has been one of growth in employment that roughly matches
the
growth in the labour force.
e. The main trend of the economy has been to have employment grow more rapidly than the
growth in
output.
D
How is Canada's unemployment rate determined?
a. The rate is determined by Canada Census data.
b. The rate is determined by a survey of Canadian employers.
c. The federal government department HRSDC (Human Resources and Skills Development
Canada)
conducts a monthly survey of the labour force.
d. Statistics Canada conducts a Labour Force Survey each month.
e. An estimate is produced by HRSDC based on the previous month's unemployment rate
adjusted by the current month's job losses and job gains.
E
Canada's unemployment rate has been as low as ________ in the 1960s and as high as
________ during the recession in the early 1980s.
a. 4.6; 14
b. 2.0; 15
c. 5.5; 17
d. 2.4; 10
e. 3.4; 12
D
If a country's labour force is 15 million people, and 1 million of those are unemployed, the
country's unemployment rate is
a. 2.5%.
b. 3.3%.
E
Refer to Table 19-1. In the year 2012, it is probably the case that workers are ________ and
factories are ________.
a. Facing cyclical unemployment; facing temporary shut downs
b. Working longer than normal hours; facing temporary shutdowns
c. Experiencing zero unemployment; operating extra shifts
d. Experiencing zero unemployment; operating beyond their normal capacity
e. Working longer than normal hours; operating beyond their normal capacity
A
Refer to Table 19-1. In the year 2014, it is probably the case that workers are ________ and
factories are ________.
a. Facing cyclical unemployment; facing temporary shut downs
b. Working longer than normal hours; facing temporary shutdowns
c. Experiencing zero unemployment; operating extra shifts
d. Experiencing zero unemployment; operating beyond their normal capacity
e. Working longer than normal hours; operating beyond their normal capacity
C
Women entered the labour force in large numbers in the 20th century and increased the
economy's GDP. This change
a. Created inflationary gaps.
b. Created recessionary gaps.
c. Raised potential output.
D) was only possible in an economy operating above normal rates of utilization.
E) was only possible in an economy operating below normal rates of utilization.
A
A worker is considered unemployed if that worker has no job, is legally eligible to work,
a. And is actively searching for employment.
b. And is not collecting unemployment insurance.
c. Whether the worker is looking for a job or is not looking for a job.
d. But only if they previously held a job.
e. But only if they were previously employed for at least three consecutive months.
, D
Consider the growth in Canada's labour force and employment. Over the last 50 years,
a. The labour force has grown much more rapidly than employment.
b. Both the labour force and employment have remained roughly constant.
c. The number of unemployed persons has been a much larger fraction of the labour force than
it was during the first half of the 20th century.
d. The main trend of the economy has been one of growth in employment that roughly matches
the
growth in the labour force.
e. The main trend of the economy has been to have employment grow more rapidly than the
growth in
output.
D
How is Canada's unemployment rate determined?
a. The rate is determined by Canada Census data.
b. The rate is determined by a survey of Canadian employers.
c. The federal government department HRSDC (Human Resources and Skills Development
Canada)
conducts a monthly survey of the labour force.
d. Statistics Canada conducts a Labour Force Survey each month.
e. An estimate is produced by HRSDC based on the previous month's unemployment rate
adjusted by the current month's job losses and job gains.
E
Canada's unemployment rate has been as low as ________ in the 1960s and as high as
________ during the recession in the early 1980s.
a. 4.6; 14
b. 2.0; 15
c. 5.5; 17
d. 2.4; 10
e. 3.4; 12
D
If a country's labour force is 15 million people, and 1 million of those are unemployed, the
country's unemployment rate is
a. 2.5%.
b. 3.3%.
