Unemployment

Cyclical unemployment

• Describes recent college graduates

• Lasts longer than 6 months

• Describes employees moving from one job to another

• Increases inflation Increases inflation

Seasonal unemployment

• Describes recent college graduates

• Is predictable

• Is a result of changes in technology

• Slows the economy Slows the economy

Which of these people is officially unemployed

• A secretary who took 6 months off for maternity leave

• An aspiring actress who waits tables but would rather act

• Maid who got fired and will start a new job in 2 weeks

• A student who only works 4 hours a week in the library

Farm helpers are unemployed when the cropping season is over.

• frictional

• cyclical

• structural

• seasonal

Which of the following best defines unemployment?

• The state of being able to work and actively seeking work, but unable to find employment

• The state of being able to work, but choosing not to

• The percentage of the labour force that is able and actively seeking work, but cannot find employment

• The total number of people who do not work

If auto workers lose their jobs as the industry becomes far more technically intensive and capital intensive, what form of unemployment occurs?

• Cyclical

• Seasonal

• Frictional

• Structural

When individuals lose jobs due to fall in aggregate demand, often during an economic recession.

• Structural Unemployment

• Cyclical Unemployment

• Frictional Unemployment

• Seasonal Unemployment

What are the impacts of unemployment on the individual?

• Increase in welfare spending

• Loss of skill over time

• Increase in disposable income

• Increase in demand pull inflation

What type of unemployment is a person experiencing when they are laid off during a recession?

• Frictional

• Seasonal

• Cyclical

• Structural

What type of unemployment is a lawn worker experiencing when he is without work the week after Christmas?

• Frictional

• Seasonal

• Cyclical

• Structural