Macroeconomic 7

What drops the ranks of unemployment and the labor force?

• population

• drop outs

• discouraged workers

• unemployed people

unemployment rate

• Employed + Population

• Unemployed / labor force x 100

• unemployed/ labor force

Labor force + Not in the labor force

• Population

• Unemployment Rate

• Expansion

• Discouraged workers

If a person is unable to find a job for not searching for work that person might be classified as a discouraged worker

• True

• False

Some economists argue that including the number of discouraged workers as unemployed gives a bad picture of the unemployment situation.

• false

• true

Categories of unemployment ?

• Frictional unemployment

• Seasonal unemployment

• Cyclical unemployment

• Structural Unemployment

• Open unemployment

An indication of a dynamic economy

• Structural unemployment

• Open unemployment

• Frictional Unemployment

Frictional Unemployment

• A result of changes in the structure of the economy

• A result of the normal turn over in the labor market

• The unemployment rate that occurs as a normal part of the functioning of the economy.

Frictional + Structural = ?

• Cyclical Unemployment

• Natural Rate of unemployment

• None

Measures of prices that producers receive for products at all stages in the production process.

• Consumer Price Index

• Producer Price Indec

• Market Basket