economics vocab.

posted by .

Key terms:
*frictional unemployment
*seasonal unemployment
*structural unemployment
*cyclical unemployment
*census
*unemployment rate
*full employment
*underemployed
*discouraged worker

1. My cousin Harold is used to ______________, since he works for a landscaping company and is laid off every summer.
My answer: seasonal unemployment

2. It is easy to find a job these days, since _____________ is so low.
My answer: full employment

3. Poeple who do not finish high school often suffer from ____________.
My answer: structural unemployment

4. With ___________, nearly everyone who want a job has a job.
I'm not sure what this one is.

5. The excellent mechaning who has been working as a clerk at a convenience stores since the local garage closed is considered ____________.
My answer: underemployed

6. My aunt who left her job to care for her sick mother and is now looking for work is an example of ___________.
My answer: frictional unemployment

  • economics vocab. -

    1) I agree
    2) I disagree. I would go with "unemployment rate"
    3) I agree
    4) I would go with "full employment"
    5) I agree
    6) I agree

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Macroeconomics - inflation!

    Hi! I had to graph inflation/unemployment... Why did the inflation rate start increasing and the unemployment rate started decreasing after 2000?
  2. Economics

    The economy consists of the following: - working-age population: 20M - full time employment: 8M - part-time employment: 2M (1M of whom wish they had full-time jobs) - unemployment: 1M If 0.6M of those unemployed are frictionally, structurally, …
  3. Economics

    Questions: Are the following workers more likely to experience short-term or long-term unemployment?
  4. Economics

    How would unemployment compensation and income support programs (Welfare) affect the threat of unemployment?
  5. economics

    Fill in the blanks. 1. Reason for unemployment: _____________________________ Type of uneployment: very low employment 2. Reason for unemployment: a healthy economy that is working properly Type of unemployment: _____________________________
  6. Macro Economics

    Does anyone know how to calculate the frictional rate of employment...given the following information... The structural unemployment rate of 2.8%, actual unemployment rate of 7% and cyclical unemployment is 2.0% I just need to know …
  7. macroeconomics

    If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment?
  8. Economics

    1. According to the data table below, what is the unemployment rate?
  9. Ss

    new technology has made most of the jobs workers do ay a particular factory obsolete and they are laid off. which rype of unemployment are they experiencing?
  10. economics

    If there is no cyclical unemployment, the economy is said to be ______________. at full employment in the recovery phase of a business cycle at the worker saturation point in recession at a trough in the business cycle

More Similar Questions