Terms from 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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| labor force | show 🗑
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| show | percentage of labor force that are not employed
🗑
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| labor force participation rate | show 🗑
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| employment-to-population ratio | show 🗑
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| show | people that are ready and available to work that have searched for a job in the past 12 months but not in the past 4 weeks; therefore not included in official unemployment statistics
🗑
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| discouraged workers | show 🗑
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| show | unemployment rate that includes those unemployed for 15 weeks or longer
🗑
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| show | unemployment rate of those that have lost a job
🗑
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| U3 | show 🗑
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| U4 | show 🗑
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| show | includes all marginally attached workers
🗑
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| show | includes those listed in U1-U5 plus those employed part time
🗑
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| frictional unemployment | show 🗑
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| structural unemployment | show 🗑
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| show | the process of technological innovation and industrial decline that frees up the land, labor, capital, and entrepreneurship that can be employed in the new industry
🗑
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| show | wages that exceed the market wages
🗑
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| show | unemployment associated with the downturns in the business cycle
🗑
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| full employment | show 🗑
|
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| natural rate of unemployment | show 🗑
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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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