AP Macro Unit 2 Part 2 Review

We calculate a the labor force of a country by adding

• number of people employed for pay plus the number who’ve given up looking for work

•  number of people working for pay

•  number of people employed plus the number retired

• number of people employed plus the number unemployed

• number of people aged 16 and above

when someone new enters the labor market (say after graduating high school or college) and does not immediately have a job

• seasonal unemployment

• cyclical unemployment

• frictional unemployment

• structural unemployment

• they become Batman

the periodic and predictable job loss that follows the calendar

• seasonal unemployment

• cyclical unemployment

• frictional unemployment

• structural unemployment

• discouraged worker

This is caused by fundamental, underlying changes in the economy that can create job loss for skills that are no longer in demand

• seasonal unemployment

• cyclical unemployment

• frictional unemployment

• structural unemployment

• they become Batman

When a soldier in the military is transferred to a new base, their spouse moves with them even though they do not have a job lined up right away but are looking for one, this is an example of what type of unemployment?

• seasonal unemployment

• cyclical unemployment

• frictional unemployment

• structural unemployment

• discouraged worker

When jobs are gained and lost as the business cycle improves and worsens

• seasonal unemployment

• cyclical unemployment

• frictional unemployment

• structural unemployment

• they become Batman

When some of Mr. G's students lose their lifeguard jobs as the summer ends and temperatures become progressively colder, this is an example of what type of unemployment?

• seasonal unemployment

• cyclical unemployment

• frictional unemployment

• structural unemployment

• discouraged worker

Mr. G's cousin got laid off from his company as they scaled back during the recent recession, this is an example of what type of unemployment?

• seasonal unemployment

• cyclical unemployment

• frictional unemployment

• structural unemployment

• discouraged worker

These types of unemployment are always present according to economics

• School Unemployment

• cyclical unemployment

• frictional unemployment

• structural unemployment

• they become Batman

The number of people counted as unemployed does not include which of the following types of workers

• part-time workers

• retired workers

• underemployed workers

• discouraged workers

• aspiring workers seeking their first job