definitions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| unemployed | show 🗑
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| employed | show 🗑
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| labor force | show 🗑
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| show | a percentage of the labor force that is not currently employed
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| show | the percentage of the working age population classified as either employed or unemployed
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| employment-to-population ratio | show 🗑
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| show | people ready and available to work
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| show | people unemployed in the general sense, but they do not meet the technical definition
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| show | occurs when people voluntarily enter the labor force
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| show | as innovation occurs, old technologies and industries are desroyed
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| show | occurs when job seekers; skill sets are not in demand because of geography or obsolescence
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| efficiency wages | show 🗑
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| show | occurs because of contractions in the business cycle, it is not voluntary, nor is it the result of a skill-set mismated
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| show | it occurs when cyclical unemployment is not present in the economy
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| natural rate of unemployment | show 🗑
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| U3 | show 🗑
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| U1 | show 🗑
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| U2 | show 🗑
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| U4 | show 🗑
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| show | it includes all marginally attached workers
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| U6 | show 🗑
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
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Created by:
Lorenzo C
Popular Economics sets