( ) the percentage of adults who are in the labor force and thus seeking jobs,
but who do not have jobs
( ) unemployment that occurs because individuals lack skills valued by
employers, or the job is no longer there.
( ) those who have stopped looking for employment due to the lack of suitable
( ) the unemployment rate that would exist if cyclical unemployment were 0%.
( ) a contractual provision that wage increases will keep up with inflation.
( ) “Take this job and shove it!” results in this.
( ) When demand rises faster than supply, causing price to rise.
( ) the adults in an economy who are either employed or who are unemployed
and looking for a job
( ) unemployment closely tied to the business cycle, like higher unemployment
during a recession.
( ) Rising production costs cause the supply of goods and services to decline and prices to rise..
a. Unemployment rate
b. labor force
c. Discouraged workers
d. frictional unemployment
f. cyclical unemployment
g. structural unemployment
h. Natural rate of unemployment
i. Demand-pull inflation
j. Cost-push inflation
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