

Econ Unemployment and Inflation Review
Flashcard
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
Who among the following would be considered as unemployed? A college student of legal age to work but who is still in school full time. An entrepreneur in the process of starting a new business. A secretary who was laid-off from work & is looking at job ads. A housewife taking care of three children.
Back
A secretary who was laid-off from work & is looking at job ads
2.
FLASHCARD QUESTION
Front
The phase of a business cycle in which unemployment is at the lowest level is:
Back
peak
3.
FLASHCARD QUESTION
Front
_______ occurs when people are in between jobs, entering and reentering the labor force.
Back
Frictional unemployment
4.
FLASHCARD QUESTION
Front
When individuals lose jobs due to a decline in the economy during an economic recession.
Back
Cyclical Unemployment
5.
FLASHCARD QUESTION
Front
Individuals are unemployed due to a lack in skills that modern industries need.
Back
Structural Unemployment
6.
FLASHCARD QUESTION
Front
Someone who works part time but is seeking out full time employment would be considered:
Back
a underemployed worker
7.
FLASHCARD QUESTION
Front
How many people are in the labor force?
Back
81000
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