Unemployment Flashcards by Cameryn Rockwell | Brainscape

Q

Full Employment

A

5% or less unemployed

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Q

Cyclical Unemployment

A

Business fault, no demand for labor

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Q

Structural unemployment

A

Workers skills aren’t enough, machine replace

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Q

Frictional unemployment

A

Personal choice, schooling, salary

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Q

Classical Economists

A

People will find a job if they want one

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Q

Keynesian

A

Gov should help people find jobs

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