What is Unemployment

A quick quiz about macroeconimc topic Unemploymen

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1. What is the consequence of a person being "frictionally unemployed"

  • Falling living standards
  • Temporary unemployment
  • Falling real wages
  • Increased crime rates
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2. Which of these is a CONSEQUENCE of unemploymnent

  • Relocation by foreign firms
  • Political Instability
  • Lower household income
  • Uncontrolled borrowing

3. Which of these is a solution to unemployment

  • None of the Above
  • Reducing Indirect taxation
  • Foreign Loans
  • Subsidies
  • All of the above

4. Which of these is a direct cause of unemployment

  • Budget Deficit
  • Inflation
  • Lack of resources
  • Corruption

5. What causes technological unemployment

  • Capital replacing human labour
  • Foreign labour replacing domestic labpur
  • Failures in technology making workers temporarily unemployed
  • A lack of technological skil

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