Studied by 18 peopleRelocation
________; incentives to move where skills are required.
Underemployment
________: people who work part time but want full time jobs.
Structural
________: people who lose their jobs because they are no longer needed.
Unemployment
________: people of working age who are without work, available for work, and actively seeking employment.
Frictional
________: people switching jobs.
Keynesian
________: no, if the economy is producing at less than full employment.
Hidden unemployment
________: people who have given up on finding work, overqualified people.
Unemployment
people of working age who are without work, available for work, and actively seeking employment
Hidden unemployment
people who have given up on finding work, overqualified people
Underemployment
people who work part time but want full time jobs
Frictional
people switching jobs
Structural
people who lose their jobs because they are no longer needed
Seasonal
workplaces that only operate seasonally
Cyclical
(demand deficit) weak demand for certain goods
Crowding out
when governments run budget deficits to stimulate an economy and reduce unemployment
Keynesian
no, if the economy is producing at less than full employment
Classical
yes, they are opposed to the use of demand management policies, argue that crowding out is a significant problem of increased government spending
Note 
Flashcard (135)