Standard D Vocabulary

Question 1

The type of unemployment resulting from people’s present abilities, skills, training, and location not matching up with available job openings that reflect basic STRUCTURE of the economy.

Answer 1

Structural unemployment

Question 2

Unemployment cause by fluctuations in the overall rate of economic activity or phase of the business CYCLE.

Answer 2

Cyclical Unemployment

Question 3

Unemployment that is always present in the economy, resulting from temporary transitions made by workers and employers or from workers and employers having inconsistent or incomplete information.

Answer 3

Frictional Unemployment

Question 4

Name the three types of unemployment.

Answer 4

Structural, Cyclical, and Frictional Unemployment.