The goal of full employment

The goal of full employment

12th Grade

14 Qs

quiz-placeholder

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The goal of full employment

The goal of full employment

Assessment

Quiz

Business

12th Grade

Medium

Created by

Paul Goh

Used 2+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the goal of full employment aim to achieve?

Zero unemployment for all working-age individuals

A balance between the availability of jobs and the number of job seekers

Employment for every individual, regardless of skills or experience

Maximum possible employment without causing high inflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is NAIRU (natural rate of unemployment)?

The highest possible unemployment rate in an economy

The unemployment rate when the economy is producing at its potential output

The unemployment rate that is required for a stable rate of inflation

The minimum unemployment rate that can be achieved without causing a recession

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of frictional unemployment?

A person who has been unemployed for over a year

A person who lost their job due to technological advancements

A person who is in between jobs during a job search

A person who works fewer hours than desired

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these groups is considered part of the hidden unemployed?

Individuals actively looking for a job

Individuals who have given up looking for a job

Individuals who are currently employed but seeking better opportunities

Individuals who are temporarily laid off

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The long-term unemployed are individuals who have been unemployed for:

At least six months

At least one year

At least three months

At least two years

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Underemployment occurs when:

An individual works fewer hours than desired

An individual is overqualified for their job

An individual has been unemployed for an extended period

 Both A and B

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The labour force participation rate is calculated as:

(Employed + Unemployed) / Total working-age population

(Employed + Unemployed) / Total population

Employed / (Employed + Unemployed)

Unemployed / (Employed + Unemployed)

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