Econ Chapter 14
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| Who is considered unemployed? | show 🗑
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| Who is considered employed? | show 🗑
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| Labor force | show 🗑
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| Unemployment rate | show 🗑
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| Employment-to-population ratio | show 🗑
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| show | not considered in the official unemployment rate/ people who have searched for a job in the last 12 months but no in the past 4 weeks
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| ¨Discouraged workers¨ | show 🗑
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| show | official unemployment rate
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| show | unemployment rate that only includes people who have been unemployed for 15 weeks or more
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| U2 | show 🗑
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| U4 | show 🗑
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| show | includes all marginally attached workers in the unemployment rate
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| U6 | show 🗑
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| show | voluntary unemployment the occurs when someone enters the labor force to look for a job
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| show | occurs when the person´s skill sets are no in demand because of geography or is no longer wanted
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| show | unemployment cause by the permanent destruction of jobs in a dying industry, a mismatch between skill sets between employment and the seekers'skill sets, and government programs that create incentives to remain unemployed
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| show | wages that are above the equilibrium market wage- can play a role in unemployment
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| show | unemployment associated with the downturns in the business cycle
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| show | the level of employment the occurs that exists when the economy is being productively efficent
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| show | the rate of employment 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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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.
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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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Created by:
martyfran14
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