Economics Words
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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show | The condition of having a job.
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show | The number of employed plus unemployed people age 16 and over.
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show | The unemployment rate is equal to the number of unemployed persons divided by the number of people in the labor force.
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show | The number of employed people divided by the working age population.
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marginally attached workers | show 🗑
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show | People who, for whatever reason, have given up the job search and are not officially classified as unemployed. The presence of discouraged workers in the economy means that the official unemployment rate understates actual unemployment.
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U1 | show 🗑
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show | The unemployment rate that only includes people who have lost a job as opposed to those who have quit or those who have entered or reentered the labor force, as published.
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U3 | show 🗑
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show | The unemployment rate that adds discouraged workers to the official unemployment rate, as published in BLS.
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U5 | show 🗑
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U6 | show 🗑
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show | Voluntary unemployment that occurs when a person enters the labor force and looks for a job.
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structural unemployment | show 🗑
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creative destructure | show 🗑
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show | Unemployment associated with downturns in the business cycle.
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show | The level of employment that exists when the economy is being productively efficient.
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natural rate of unemployment | show 🗑
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labor force participation rate | show 🗑
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efficiency wages | show 🗑
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Created by:
vivicalopez
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