Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chapter 14 Notes

Vocab

TermDefinition
Labor Force The number of employed people plus the number of unemployed persons.
Labor Force Participation Rate The percentage of the working age population classified as either employed or unemployed.
Employment To Population Ratio The percentage of the working age population that is classified as either employed.
Marginally Attached Workers People ready and available to work and have conducted a job search within the past 12 months but haven't seached in the last 4 weeks.
Discouraged Workers People who have given up the job search in frustration they're unemployed in the general sense but because they do not meet the technical definition the official unemployment rate does not reflect their numbers.
U1 Includes people unemployed 15 weeks or longer
U2 Includes people who have lost a job as opposed to those who have quit or those who have entered or re-entered the labor force.
U3 Measures those who fall between the cracks of the official rate.
U4 adds discouraged workers to the official unemployment rate.
U5 Includes all marginally attached workers.
U6 Is the most all inclusive measure of unemployment and includes all of the above plus those who are employed part time because of economic reasons.
Frictional Unemployment Occurs when people voluntarily enter the labor force, or when they are between jobs for which they qualified.
Structural Unemployment Occurs when job seekers skill sets are not in demand because of geography or obsolescence.
Creative Destruction As innovation occurs old technologies and industries are destroyed, which frees up the resources for the new technology and it's industry.
Efficiency Wages Are those that exceed the equilibrium market wage.
Cyclical Unemployment Occurs because of contraction in the business cycle.
Efficiency Destruction Those that exceed the equilibrium market wages.
Full Employment Occurs when cyclical unemployment is not present in the economy.
Unemployed People who are 16 or older and have searched for work in the last four weeks but aren't currently employed.
Employed Those who have worked atleast one hour in the previous two weeks.
Unemployment Rate A percentage of the labor force that is not currently employed.
Created by: adan1824
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards