What type of unemployment occurs when there is a decline in business activity resulting in layoffs?

Economics & Personal Finance FINAL Part II

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History
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9th - 12th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
Cyclical
2.
FLASHCARD QUESTION
Front
Which of the following best defines unemployment? The state of being able to work and actively seeking work, but unable to find employment, The state of being able to work, but choosing not to, The percentage of the labour force that is able and actively seeking work, but cannot find employment, The total number of people who do not work
Back
The state of being able to work and actively seeking work, but unable to find employment
3.
FLASHCARD QUESTION
Front
Most countries try to maintain an inflation rate of ______ per year.
Back
2%
4.
FLASHCARD QUESTION
Front
What is the formula for the unemployment rate?
Back
(unemployed/labor force)*100% = unemployment rate
5.
FLASHCARD QUESTION
Front
The Business Cycle measures ___ over time.
Back
economic growth
6.
FLASHCARD QUESTION
Front
A trend line will show-
Back
an increase in Real GDP over time.
7.
FLASHCARD QUESTION
Front
Which of the following is a recession, or contraction? A, B, C, D
Back
B
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