Multiple Choice Solutions

[NotCricket]

Hi,

Here are the answers for the multi's. Ask me if you want any clarification.

1: A
2: B
3: D
4: B
5: C
6: C
7: B
8: C
9: D
10: A
11: D
12: B
13: D
14: A
15: A
16: C
17: D
18: A
19: B
20: C

I'm almost certain these are all correct, but obviously open to any well explained corrections.

 

[Cleavage]

Hi,

Here are the answers for the multi's. Ask me if you want any clarification.

1: A
2: B
3: D
4: B
5: C
6: C
7: A
8: C
9: D
10: A
11: D
12: B
13: D
14: A
15: A
16: C
17: D
18: A
19: B
20: C

I'm almost certain these are all correct, but obviously open to any well explained corrections.

I doth contest your answer for Q7

What is your reasoning?

 

[Brad727]

15/20 I hope your answers are right. lol

 

[mreditor16]

I'm having a go at them myself right now. What was your logic for Q7? Just want to clarify with another person...

 

[NotCricket]

NAIRU eliminates all unemployment save for hidden and structural. Hence an increase in labour market flexibility would increase participation/encourage workers, taking hidden workers and putting them into the labour market which is saturated, raising unemployment. I think!

 

[dim-sims]

:S I can't believe I screwed up 10. I don't know what I was bloody thinking.

 

[Cleavage]

I considered 7B

If UE is on the NAIRU, UE is free from cyclical UE. Therefore any attempt to increase labour market flexibility will reduce structural/frictional and therefore UE. Hence, B or D

I selected B because increased labour market flexibility would allow some demographics groups, like young mothers, the ability to participate. therefore participation rate increases, therefore B

 

[mreditor16]

Cleavage, do you agree with the rest of OP's answers? I'm just doing some cross-checking

 

[Brad727]

Same, I got B for Q7.

 

[Cleavage]

NAIRU eliminates all unemployment save for hidden and structural. Hence an increase in labour market flexibility would increase participation/encourage workers, taking hidden workers and putting them into the labour market which is saturated, raising unemployment. I think!

Contentious stuff ahahah we got the complete opposite

Apart from that, we got the same MC answers, I had mine checked over by my teacher and in her incredibly brief look, she said she didn't find anything incorrect

 

[Cleavage]

Cleavage, do you agree with the rest of OP's answers? I'm just doing some cross-checking

yeah in agreeance with other 19

 

[Phaze]

I considered 7B

If UE is on the NAIRU, UE is free from cyclical UE. Therefore any attempt to increase labour market flexibility will reduce structural/frictional and therefore UE. Hence, B or D

I selected B because increased labour market flexibility would allow some demographics groups, like young mothers, the ability to participate. therefore participation rate increases, therefore B

I agree with this. Flexibility would mean that more people from the hidden unemployed bracket will re-enter the work force seeking work due to the fact that their skills may have some sort of use now.

 

[avi888]

yeah i also agree with B

 

[NotCricket]

I considered 7B

If UE is on the NAIRU, UE is free from cyclical UE. Therefore any attempt to increase labour market flexibility will reduce structural/frictional and therefore UE. Hence, B or D

I selected B because increased labour market flexibility would allow some demographics groups, like young mothers, the ability to participate. therefore participation rate increases, therefore B

NAIRU includes the elimination of frictional unemployment. It can't be D - the participatino rate won't decrease.

I believe that if you increase participation (young mothers) in a saturated labour market, they can't find work -> increasing U/E.

But you could definitely be right!

 

[Phaze]

According to Independent Paper 2013 NAIRU and Natural Rate of Unemployment are not the same thing and are often mistaken for eachother.

 

[Cleavage]

NAIRU includes the elimination of frictional unemployment. It can't be D - the participatino rate won't decrease.

I believe that if you increase participation (young mothers) in a saturated labour market, they can't find work -> increasing U/E.

But you could definitely be right!

I think its a bit of a dodgy question more than anything, belongs in an independent trial paper

 

[mreditor16]

Q7 should be B

will post my answers for MC soon!

 

[NotCricket]

I think its a bit of a dodgy question more than anything, belongs in an independent trial paper

I agree with B now, changed it! I just really over-thought it in the exam.

 

[Chocolatebubble]

12/20 someone kill me now

 

[enigma_1]

Can someone pls upload the MC?