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5 cards from this section. Quick, good the night before a test.
Define unemployment in your own words.
Think about the reasons someone might be out of work.
What is frictional unemployment?
Consider recent graduates or people switching careers.
What is the primary cause of frictional unemployment?
Consider recent graduates or those switching careers.
True or False: Cyclical unemployment only occurs during economic booms.
Think about the relation between jobs and economic health.
Propose a comprehensive strategy a government could implement to reduce high structural unemployment within its workforce. Include economic theories that support your approach.
Consider what types of skills are in demand and how the government can facilitate workers adapting to these roles.
Discuss the interplay between cyclical unemployment and government fiscal policies. How can fiscal policy impact cyclical unemployment rates?
Think about how government actions impact people's behavior in the economy.
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