Ch.9 - ECON 201

The increase in unemployment that occurs during recessions and depressions.

• Cyclical unemployment.

• Frictional unemployment.

• Structural unemployment.

• Seasonal unemployment.

A person who is not looking for work, because he or she either does not want a job or has given up looking.

• labor force.

• unemployed.

• not in the labor force.

• employed.

Consumer price index (CPI) measures of prices that producers receive for products at all stages in the production process

• True

• False

Inflation and unemployment

• are a focus of microeconomics.

• are the focus of normative economics.

• are a focus of positive economics.

• are a focus of macroeconomics.

labor force : The number of people employed plus the number of unemployed.

• True

• False

unemployment rate: The ratio of the number of people unemployed to the total number of people in the labor force

• True

• False

not in the labor force : A person who is not looking for work

• True

• False