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09 14 16 Macro Class: All About That Unemployment Flashcards | StudBud
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09 14 16 Macro Class: All About That Unemployment
09 14 16 Macro Class: All About That Unemployment
16 terms
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StudBud Administration
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a #economics #basics quiz covering #unemployment and #businesscycles
Flashcards
16 cards
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Questions
16
Answers
1
Which of these aren't included in the types of unemployment?
Structural Unemployment
Cyclical Unemployment
Seasonal Unemployment
Sudden Unemployment
2
Depletion of natural resources falls under which type of unemployment
Cyclical Unemployment
Structural Unemployment
Seasonal Unemployment
Frictional Unemployment
3
Which order of the Business Cycle is correct?
Expansion > Depression > Recession > Boom
Expansion > Peak > Recession > Trough
Trough > Expansion > Peak > Recession
Boom > Expansion > Depression > Recession
4
Timm lost his job due to change in consumer demand, what is this an example of?
Seasonal Uneployment
Structural Unemployment
Cyclical Uneployment
Frictional Unemployment
5
During the trough phase, economic activity is at a high level
True
False
6
What is the lowest point in the graph of a business cycle?
Recession
Expansion
Trough
Peak
7
Which of the following is not a job where seasonal unemployment exists?
Landscaper
Lawyer
Ski-Instructor
Lifeguard
8
Which of these forms of unemployment is due to the company having internal issues
Frictional Unemployment
Cyclical Unemployment
Seasonal Unemployment
Structural Unemployment
9
Since "Long-Haul Truck Driver" is the #1 job in
all
these states, what news is worrying them?
gas prices are going up, up up!
a recent study shows that driving is just as bad as smoking
there's going to be greater scrutiny re: how much they sleep
self-driving cars are here and on US roads :-O
10
Mr.Power's company is losing and he chooses to lay-off Hwai Saint. What is this an example of?
Cyclical Uneployment
Frictional Unemployment
Seasonal Unemployment
Structural Unemployment
11
Which of the term below is not part of the business cycle:
Recovery
Peak
Recession
Sorrow
12
Seasonal Unemployment refers to:
Loss of jobs due to extremely hot weather
Loss of jobs due to the haze
Loss of jobs due to changes in climate/seasonal conditions.
Loss of jobs due to production inefficiency
13
Which point of the business cycle has the highest unemployment rate and lowest GDP growth?
Trough
Recession
Expansion
Slump
14
In which phase of the business cycle does inflation grow quickly?
Peak
Recession
Expansion
Trough
15
During the "Expansion" phase in the business cycle, what happens to the rate of unemployment?
Rises
Drops
Remains constant
Unknown
16
Loss of jobs due to development of new technologies and changes in consumer demand refers to:
Random Unemployment
Seasonal Unemployment
Cyclical Unemployment
Structural Unemployment
