P1 - wat is SU?
P2 - factors affecting SU + job loss is not bad. why?
P3 - effects of above thing
RC00144-03
All of the following are mentioned as ways of controlling the magnitude of structural unemployment EXCEPT
Workers can be encouraged to move where there are jobs, to reeducate or retrain themselves, or to retire. In addition, other factors affecting structural unemployment, such as capital movement, can be controlled.
A. using public funds to create jobs - correct; except this all are given in P2
B. teaching new skills to displaced workers -
C. allowing displaced workers to retire -
D. controlling the movement of capital -
E. encouraging workers to move to where jobs are available -
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RC00144-04
The passage suggests that a potential outcome of higher structural unemployment is
As the wages of those workers are bid up,
C. higher wages for those workers who have skills that are in demand - yes
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RC00144-05
It can be inferred from the passage that even when there are unemployed workers, labor shortages are still likely to occur if
If there is a growing pool of workers who lack the necessary skills for the available jobs, increases in total labor demand will rapidly generate shortages of qualified workers.
D. the jobs available in certain places require skills that the labor force in those areas lacks
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RC00144-06
The passage suggests that the phenomenon of combined unemployment and inflation is
This phenomenon may be an important factor in the rising trend, observed for the past two decades, of unemployment combined with inflation. Government policy has placed a priority on reducing inflation, but these efforts have nevertheless caused unemployment to increase.
A. a socioeconomic problem that can only be addressed by government intervention - too extreme, not sure if it can be addressed by that.
B. a socioeconomic problem that can be characteristic of periods of structural unemployment - unemployment and inflation can be characteristic of SU.
C. an economic problem that results from government intervention in management-labor relations - no
D. an economic problem that results from imperfect applications of technology - not always.
E. an economic problem that can be eliminated by relatively small changes in the labor force - not always.
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RC00144-07
The passage is primarily concerned with
A. clarifying the definition of a concept - p1
B. proposing a way to eliminate an undesirable condition - weak
C. discussing the sources and consequences of a problem - best of the lot.
D. suggesting ways to alleviate the effects of a particular social policy - no
E. evaluating the steps that have been taken to correct an imbalance - no
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RC00144-08
According to the passage, small downward shifts in the demand for labor will not usually cause unemployment because
In the individual firm or even in the labor market as a whole, normal attrition may be sufficient to reduce the size of the work force in the affected occupations.
D. normal attrition is often sufficient to reduce the size of the work force
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