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Unemployment Test

Enter the letter for the matching Definition
incorrect
1.
U5
incorrect
2.
Structional unemployment
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3.
Natural rate of unemployment
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4.
Employment-to-population ratio
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5.
U3
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6.
U6
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7.
Labor force participation rate
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8.
Marginally attached workers
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9.
U2
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10.
U4
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11.
U1
A.
Occurs when job seekers' skill sets aren't in demand because of geography or obsolescence
B.
Includes all marginally attached workers
C.
Official unemployment rate
D.
Includes all of the above plus those who are employed part-time because of economic reason
E.
The percentage of the working age population that is classified as employed
F.
Only includes people unemployed fifteen weeks or longer
G.
People ready and available to work, who have a conducted a job search within the past twelve months, haven't searched in the last four weeks
H.
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
I.
The lowest rate of unemployment that an economy can sustain over the long run
J.
The percentage of the working age population classified as employed or unemployed
K.
Adds discouraged workers to the official unemployment rate
Type the Term that corresponds to the displayed Definition.
incorrect
12.
Wages that exceed the equilibrium market wage
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13.
Person of legal employment age who is not actively seeking employment or who does not find employment after long-term unemployment
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14.
The number of employed person plus the number of unemployed persons
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15.
Occurs when people voluntarily enter the labor force, or when they are between jobs for which they are qualified
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16.
Contractions in the business cycle
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17.
As innovation occurs, old technologies and industries are destroyed, which frees up the resources for new technology and its industry
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18.
Persons 16 years or older that have actively searched for work in the last four weeks but aren't currently employed
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19.
A percentage of the labor force that is not currently employed
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20.
Occurs when cyclical unemployment isn't present in the economy, the goal that policy makers seek to maintain
incorrect
21.
Persons 16 years or older that have worked at least one hour in the previous two weeks

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Created by: AngelBrito
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