Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password

Your email address is only used to allow you to reset your password. See 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.

Term

Unemployed
click to flip
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know

Term

Employed
Remaining cards (20)
Know
0:00
edit
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

Unemployment Econ

Chapter 14

TermDefinition
Unemployed actively searching for work in last four weeks but are not currently employed
Employed Are those who have workers at least one hour in the previous two weeks
Labor Force is the number of employed person plus the number of unemployed person
Unemployment Rate percentage of the labor force that is not currently employed
Labor Force Participation Rate is the percentage of the working age population classified as either employed or unemployed
Employment-to-Population Rate is the percentage of the working age population that is classified as employed
Marginally Attached Workers Are people that are ready and available to work, who have conducted a search within the past twelve months
Discourged Workers are unemployed in the general sense but because they do not meet the technical defintion
U3 to measure those who fall between the cracks of official rate
U1 Only includes people unemployed fifteen weeks or longer
U2 Only includes people who have lost a job as opposed to those who have quit or those who have entered re-entered the labor fore.
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 Unemployed Occurs when people voluntary enter the labor force, or they are between Jobs for which they are qualified
Structural Unemployment Occurs when job seeker's skill sets are not in demand because of geography or obsolescence
Creative Destrustion as innovation occurs, old technologies and industries are destroyed which frees up the resources for new technology and its industry
Efficiency Wages are those that exceed the equilibrium market wage
Cyclical Unemployment occur because of contractions in the business cycle
Full Employment occurs when cyclical unemployment is not present in the economy
Natural Rate of Unemployment economists associate full employment
Created by: eletorres15
Popular Economics sets

 

 



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