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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| employed | show 🗑
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| show | The number of employed plus unemployed people age 16 and over.
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| unemployment rate | show 🗑
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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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| "discouraged workers" | show 🗑
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| show | The unemployment rate that only includes people unemployment 15 weeks or longer, as published by the BLS
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| U2 | show 🗑
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| show | The official unemployment rate published by the BLS.
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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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| show | The most all-inclusive measure of unemployment as published by the BLS. Includes all those listed U1-U5 plus those who are employed part time because of economic reasons.
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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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| cyclical unemployment | show 🗑
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| show | The level of employment that exists when the economy is being productively efficient.
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| show | The rate of unemployment that exists when there is no cyclical unemployment present in the economy.
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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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