Unemployment!

Flashcard
•
Social Studies
•
12th Grade
•
Hard
Wayground Content
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25 questions
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1.
FLASHCARD QUESTION
Front
What is the definition of unemployment?
Back
The state of being without a job despite actively seeking work
2.
FLASHCARD QUESTION
Front
Which type of unemployment is always present and is an acceptable indication of a healthy economy?
Back
Frictional Unemployment
3.
FLASHCARD QUESTION
Front
What is an example of structural unemployment? A college graduate searching for their first job, A ski instructor unemployed in summer, Factory workers losing jobs due to automation, Retail workers laid off during a recession
Back
Factory workers losing jobs due to automation
4.
FLASHCARD QUESTION
Front
Which type of unemployment is directly tied to the business cycle?
Back
Cyclical Unemployment
5.
FLASHCARD QUESTION
Front
What components make up the natural rate of unemployment?
Back
Frictional + Structural Unemployment
6.
FLASHCARD QUESTION
Front
What is a key idea about unemployment in a healthy economy?
Back
Some unemployment exists.
7.
FLASHCARD QUESTION
Front
Which of the following is an economic cost of unemployment? Increased consumer spending, Loss of GDP, Improved quality of life, Decreased government spending.
Back
Loss of GDP.
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