Types Or Unemployment Flashcards
1
Q
Frictional
A
Perioid of People moving jobs
2
Q
Seasonal
A
When your job is only relevant at a cetian time of the year eg santa impersinaters
3
Q
Structural
A
When lots of people r employed in a sector that is then cheaper to import
4
Q
Cyclical
A
When the economys AD shifts in and business unemploy people
5
Q
Demand side sollutions
A
Lower interest rates , lower taxes , employment subsides
6
Q
Supply side soloutions
A
Increase training and education
7
Q
Negative Consequences of unemployment
A
Negative multiplier affect
Fall in demand for shit
Opportunity cost for subsiding benefit losers
8
Q
Positive consequences of unemployment
A
Employers have a wider range of people to employe
