Economics Final
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
---|---|---|---|---|---|
What is the Labor Force? How is it calculated? | show 🗑
|
||||
What is the Unemployment Rate? How is it Calculated? | show 🗑
|
||||
show | Underestimates the true rate by:
-Not counting discouraged workers
-Counting involuntarily part time employees
-Ignores labor underutilization (people with high qualifications take up low-skilled jobs due to lack of jobs)
🗑
|
||||
show | Presumes employment is determined by the supply and demand for workers
🗑
|
||||
What is the classical market's predictions on the unemployment rate? | show 🗑
|
||||
show | Keynesian unemployment is unemployment due to a lack of spending (a lack of aggregate demand).
🗑
|
||||
What would Keynes say happens when wages are reduced? | show 🗑
|
||||
show | Cycle that measures Output (GDP), the rate of unemployment, and the rate of inflation over a certain period of time.
🗑
|
||||
How do Output, Unemployment, and inflation behave on the course of a business cycle? | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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
Normal Size Small Size show me how
Created by:
1555412974
Popular Economics sets