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

Econ ch 14

Vocab

TermDefinition
Unemployed People 16yrs+ who have actively searched for work in the last 4 weeks but are not currently employed
Employed People who have worked at least 1hr in the previous 2 weeks
Labor Force Number of employed people plus number of unemployed people
Unemployment Rate Percentage of labor force that is not currently employed
Labor Force Participation Rate Percentage of working age population classified as either employed or unemployed
Employment-to-Population Ratio Percentage of working age population that is classified as employed
Marginally Attached Workers People ready & available to work who have conducted a job search in the last year, but not in the last month
Discouraged Workers People who have given up the job search in frustration and don't meet unemployment qualifications
U3 Official unemployment rate
U1 Unemployed 15 weeks or longer
U2 Lost a job as opposed to quit or reentered the labor force
U4 Adds discouraged workers to official unemployment rate
U5 All marginally attached workers
U6 Inclused U1-5 plus people employed part-time because of economic reasons
Frictional Unemployment Voluntarily enter the work force or are between jobs they are qualified for
Structural Unemployment When job seekers' sill sets are not in demand because of geography or obsolescence
Creative Destruction Happens when innovation occurs, and old technologies & industries are destroyed
Efficiency Wages Those that exceed the equilibrium market wage
Cyclical Unemployment Occurs because of contractions in the business cycle
Full Employment Occurs when cyclical unemployment isn't present in the economy
Natural Rate of Unemployment In the long run, a level of unemployment that the economy maintains independent of the inflation rate
Created by: Hannah W
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