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Introduction to Macroeconomics

Introduction to Macroeconomics

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Who would be included in the labour force?

Kaylin, a full-time student not looking for work

Caroline, who does not have a job but is looking for work

Rebecca, who has interrupted her career to raise her two children

Jeremiah, who plans to travel for a few months before looking for work

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Who is considered unemployed?

Lucas, who is on temporary layoff

Rachel, who is on maternity leave

Cassandra, who is on voluntary unpaid leave to travel the world

Leslie, who is an involuntary contract to contract worker

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Which of the following lists includes all the categories into which Statistics Canada divides the adult population?

discouraged workers, employed, not in the labour force

employed, unemployed

discouraged workers, employed, unemployed

employed, unemployed, not in the labour force

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Which of the following best defines the labour force?

the population aged 15 or over

the number of unemployed plus the number of employed

the population minus the number of unemployed

the number of employed

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When unions raise wages in some sectors of the economy, what happens to the supply of labour in other sectors of the economy?

It increases, raising wages in industries that are not unionized.

It increases, reducing wages in industries that are not unionized.

It decreases, raising wages in industries that are not unionized.

It decreases, reducing wages in industries that are not unionized.

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What does the natural unemployment rate include?

frictional unemployment, but not structural unemployment

both frictional and structural unemployment

structural unemployment, but not frictional unemployment

neither frictional nor structural unemployment

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Table 9-1

This table shows the 2019 data for males and females aged 15 and over in the country of Bolivar.

Not in the Labour Force	Unemployed	Employed
Male	Female	Male	Female	Male	Female
45 million	35 million	5 million	5 million	85 million	65 million

Refer to Table 9-1. What is the adult female population in Bolivar?

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Table 9-1

This table shows the 2019 data for males and females aged 15 and over in the country of Bolivar.

Not in the Labour Force	Unemployed	Employed
Male	Female	Male	Female	Male	Female
45 million	35 million	5 million	5 million	85 million	65 million

Refer to Table 9-1. What is the adult female labour force in Bolivar?

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Some people are unemployed because they are searching for a very specific job. How are these people best classified?

as cyclically unemployed

as structurally unemployed

as frictionally unemployed

as discouraged workers

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Regarding the categories of unemployment, which statement best describes how the effect of sectoral changes compares to the effect of firms paying higher-than-equilibrium wages?

Sectoral changes and firms paying wages above equilibrium both create frictional unemployment.

Sectoral changes and firms paying wages above equilibrium both create structural unemployment.

Sectoral changes create structural unemployment, while firms paying wages above equilibrium create frictional unemployment.

Sectoral changes create frictional unemployment, while firms paying wages above equilibrium create structural unemployment.

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