Unemployment Flashcards
1
Q
what is the measurement of unemployment?
A
(Unemployed/ labour force)x 100
2
Q
how do you measure unemployment?
A
Labour Force Supply and Claimant Court
3
Q
Name causes of unemployment?
A
Structural, Cyclical, Frictional and Immobility of Labour
4
Q
what is cyclical unemployment
A
A shift right of AD so closer to full capacity
