This stack is a review of terms found in Chapter 14.
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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| show | The number of employed people plus the number of unemployed people.
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| show | A percentage of the labor force that is not currently employed.
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| Labor Force Participation Rate | show 🗑
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| Employment-to-Population Ratio | show 🗑
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| show | Persons not considered in the official unemployment rate.
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| show | Persons that are unemployed in a general sense,but do not meet the technical definition. They are often products of Marginally Attached workers or part-timers.
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| show | The official Unemployment rate often distributed by BLS.
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| U1 | show 🗑
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| show | Only includes people who have lost a job as opposed to those who have quit or those who have entered or re-entered the Labor Force.
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| show | Includes/adds discouraged workers into the official unemployment rate.
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| U5 | show 🗑
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| U6 | show 🗑
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| Frictional Unemployment | show 🗑
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| Structural Unemployment | show 🗑
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| show | Occurs when old technology or industries die out, creating and freeing up resources for new technology and industries.
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| Cyclical Unemployment | show 🗑
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| Full Employment | show 🗑
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| show | This is the natural rate hypothesis, which suggests that in the long run there is a level of unemployment that the economy maintains independent of the inflation rate.
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| show | Those that exceed the equilibrium market wage
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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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