Macro: Types of Unemployment

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  • Created by: HarryWai
  • Created on: 04-03-19 18:55
Cyclical
Caused by a lack of AD for goods and services
1 of 6
Frictional
Workers in-between jobs
2 of 6
Involuntary
Worker who is willing & able to work but cannot find a job at the going wage rate
3 of 6
Regional
Caused by Geographical Immobility
4 of 6
Seasonal
Workers without jobs due to times of the year
5 of 6
Structural
Caused by a decline in a particular industry, people are unemployed because they don't have other skills for other jobs
6 of 6

Other cards in this set

Card 2

Front

Workers in-between jobs

Back

Frictional

Card 3

Front

Worker who is willing & able to work but cannot find a job at the going wage rate

Back

Preview of the back of card 3

Card 4

Front

Caused by Geographical Immobility

Back

Preview of the back of card 4

Card 5

Front

Workers without jobs due to times of the year

Back

Preview of the back of card 5
View more cards

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