Macroeconomics; Unemployment and Inflation Test Questions and Answers Latest Update
8 views 0 purchase
Course
Macroeconomics
Institution
Macroeconomics
Macroeconomics; Unemployment and Inflation Test Questions and Answers Latest Update
Employment - Answers the total number of people currently employed, either full time or part time
Unemployment - Answers defined as the total number of people who are actively looking for work but aren't currentl...
Discouraged Workers - Answers nonworking people who are capable of working but have given up
looking for a job given the state of the job market
Marginally Attached Workers - Answers would like to b employed and have looked for a job in the
recent past but are not currently looking for work
Underemployment - Answers the number of people who work part time because they cannot find full
time jobs
Jobless Recovery - Answers a period in which the real GDP growth rate is positive but the
unemployment rate is still rising
(also known as a "growth recession")
Job Search - Answers workers who spend time looking for employment are engaged in this
Frictional Unemployment - Answers unemployment due to the time workers spend in job search
Long-Term Unemployed - Answers unemployed for 27 or more weeks
Structural Unemployment - Answers unemployment that results when there are more people seeking
jobs in a particular labor market than there are jobs available at the current wage rate
(occurs when the wage rate is, for some reason, persistently above the equilibrium wage rate)
Reasons for Structural Unemployment - Answers - minimum wages
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TutorJosh. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
