Chapter 14 Vocabulary
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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show | Persons 16 years or older without a job who have actively seeked employment in the passed 4 weeks
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show | Those who have worked at least 1 hour in the previous 2 weeks
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show | Number of employed people added to the number of unemployed
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show | Percentage of the labor force that is not currently employed
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show | 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 | Looked for a job in the past 12 months, but not the past 4 weeks
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show | Those who have given up on the job search
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U1 | show 🗑
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U2 | show 🗑
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U3 | show 🗑
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U4 | show 🗑
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U5 | show 🗑
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show | Includes all types of workers from U1-U5 as well as part-time workers
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Frictional Unemployment | show 🗑
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show | The job seeker's skill set is not in demand due to geography or obsolescence
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show | Occurs due to contractions in the business cycle; involuntary; creates a feedback loop
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show | Occurs when cyclical unemployment is not present in the economy
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show | The theory that there is a level of unemployment that the economy maintains independent of inflation rate
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Creative Destruction | show 🗑
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show | Wages that exceed market equilibrium and encourage worker productivity
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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.
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Created by:
croy15
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