ch 27 definitions Flashcards
1
Q
unemployment
A
when those actively seeking work are unable to find a job
2
Q
cyclical or demand deficient unemployment
A
unemployment caused by falling demand as a result of a downturn in the economic cycle
3
Q
laying off
A
to stop employing someone because there is no work for them to do
4
Q
structural unemployment
A
unemployment caused by changes in the structure of the economy such as the decline in an industry
5
Q
frictional unemployment
A
when workers are unemployed for a short period of time as they move from one job to another
6
Q
seasonal unemployment
A
unemployment caused when seasonal workers, such as those in the holiday industry are laid off because the season has ended
7
Q
voluntary unemployment
A
unemployment resulting from people choosing not to work
