What does the goal of full employment aim to achieve?

The goal of full employment

Quiz
•
Business
•
12th Grade
•
Medium

Paul Goh
Used 2+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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