203-tutorial-2 - Econ 203 Tutorial #2 Date: Week of Jan....

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Econ 203 Tutorial #2 Date: Week of Jan. 23-29 Coverage: Chapter 5 Output, Business Cycles and Employment I. Multiple Choice Questions 1. If we include discouraged workers in the unemployment rate, then this would a. decrease the labour force. b. increase the unemployment rate only if there are part-time workers. c. decrease the unemployment rate. d. increase the unemployment rate. 2. Which of the following best illustrates the concept of unemployment due to business cycles? a. Ginny loses her job because of automated machinery. b. Sam quits his job to look for work that is more fun. c. Elle quits looking for work because she doesn’t think she can find a suitable job. d. Amanda loses her job because of a recession. 3. If the economy is at full employment, then a. the entire labour force is employed. b. the unemployment rate is zero. c. the unemployment rate is still positive at the natural rate. d.
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This note was uploaded on 02/20/2012 for the course ECON 00000112 taught by Professor Ianirvine during the Spring '09 term at Concordia Canada.

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203-tutorial-2 - Econ 203 Tutorial #2 Date: Week of Jan....

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