Types of unemployment

0.0(0)
Studied by 0 people
call kaiCall Kai
Locked
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/4

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 2:49 AM on 8/18/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai
Chat

No analytics yet

Send a link to your students to track their progress

5 Terms

1
New cards

Voluntary

A worker decides to leave his job to search for another position or career

2
New cards

Involuntary

Worker is laid off from their place of work, often due to not enough demand for firms goods or services or business

3
New cards

Frictional Unemployment

Is voluntary and occurs when workers are transitioning between jobs and have temporary period of unemployment

4
New cards

Structural Unemployment

Occurs when there is a mismatch of available skills in the sector of the economy due to technological changes, causes people to be laid off

5
New cards

Cyclical

Occurs when demand for goods and services fall as a result of a contraction or recession within the business cycle.