Students are regarded as employed in studies and are recorded as unemployed, but not in the labour force.
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Q9: Cyclical unemployment refers to:
A)year-to-year fluctuations of unemployment
Q10: Efficiency wages are:
A)one explanation for the natural
Q11: Firms may find it profitable to pay
Q12: Frictional unemployment may be economically beneficial if
Q13: In a country with 20 million people
Q15: Structural unemployment is associated with general downturns
Q16: The labour-force participation rate:
A)equals one minus the
Q17: Surplus labour in the market creates pressure
Q18: If the minimum wage is set above
Q19: Economists and policymakers must equally consider the
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