UNIT #3: REVIEW & PRACTICE (2024)

Front

A student who just graduated from college and is waiting to start their new job is...

Back

frictionally unemployed

Front

A woman who lost her job due to a decrease in sales during a recession in the economy is...

Back

cyclically unemployed

Front

Farm helpers are unemployed when the cropping season is over.

Back

seasonal

Front

A 25 year old man-child who stays in his mom’s basement playing video games is considered....

Back

Not in the Labor Force

Front

As Mr. Sigourney and Mr. Hernandez continue to automate instruction with videos and auto-corrected worksheets, they are under the threat of this type of unemployment

Back

technological

Front

As demand surges for electric vehicles, the need for mechanics that can work on internal combustion engines is going to diminish. What type of unemployment will this lead to for mechanics?

Back

structural

Front

Occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer. What type of unemployment is this?

Back

structural

Front

Unemployment that results directly from cycles of economic upturn and downturn. What type of unemployment is this?

Back

cyclical

Front

Unemployment that is the result of voluntary employment transitions within an economy. It naturally occurs, even in a growing, stable economy. Workers choosing to leave their jobs in search of new ones and workers entering the workforce for the first time. What type of unemployment is this?

Back

frictional

Front

When inflation is high, the purchasing power of the dollar

Back

decreases