The Causes of Unemployment (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Why is labour demand described as a derived demand?
Why is labour demand described as a derived demand?
Employers hire based on demand for products
At what annual economic growth rate does unemployment typically begin to fall?
At what annual economic growth rate does unemployment typically begin to fall?
Above 3%
How long do changes in economic activity take to have their peak impact on unemployment?
How long do changes in economic activity take to have their peak impact on unemployment?
Approximately two years
Which policy tools are used in expansionary macroeconomic policies?
Which policy tools are used in expansionary macroeconomic policies?
Lower interest rates and tax cuts
What percentage of total employment was manufacturing in Australia in 2023?
What percentage of total employment was manufacturing in Australia in 2023?
6.5%
How do automation and trade compare in causing job losses in OECD countries?
How do automation and trade compare in causing job losses in OECD countries?
Automation causes about twice as many losses
How many job losses could Australia experience by 2030 due to AI and automation?
How many job losses could Australia experience by 2030 due to AI and automation?
Up to 1.5 million
What is the short-term effect of higher productivity growth on unemployment?
What is the short-term effect of higher productivity growth on unemployment?
Tends to slow employment growth
What proportion of Australian workers does the services sector now employ?
What proportion of Australian workers does the services sector now employ?
More than three-quarters
What percentage of occupations experienced skill shortages at the 2007-08 peak?
What percentage of occupations experienced skill shortages at the 2007-08 peak?
85%