B321 MA05 Quiz DL

Tim has just graduated but is unable to find a job due to the recession. This type of unemployment is:

• Frictional

• Structural

• Cyclical

• Seasonal

Unemployment due to mismatch of skills is known as:

• Frictional unemployment

• Structural unemployment

• Cyclical unemployment

• Seasonal unemployment

Full employment means zero unemployment.

• True

• False

At the natural rate of unemployment, there will always be some frictional and structural unemployment.

• True

• False

There is a shortage of nurses as more nurses quit and few want to become nurses. There is a fall in ______________ in the healthcare sector.

• Labour demand

• Labour supply

Due to ageing population, more hospitals are needed. There is increase in _______________ in the healthcare sector.

• Labour demand

• Labour supply

When there is a labour crunch, labour supply curve shifts ____________.

• Left

• Right