Marco Wernli
Karten 42 Karten
Lernende 0 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 04.10.2020 / 04.10.2020
Lizenzierung Keine Angabe
0 Exakte Antworten 39 Text Antworten 3 Multiple Choice Antworten
Fenster schliessen

The unemployment rate is an indicator of

overall labor market conditions

an exact, literal measure of the percentage of people unable to find jobs

Fenster schliessen

During periods of economic expansion the unemployment rate usually 



Fenster schliessen

A period in which real GDP is growoing at a bleow-average rate and unemployment is rising is called a __________ or a __________.

jobless recovery or a growth recession

Fenster schliessen

Explain the term job separation

terermination of employment that occurs because a worker is either fired or quits voluntarily.

Fenster schliessen

Explain the term frictional unemployment

Frictional unemployment is unemployment due to the time workers spend in job search. It's basically the time between two jobs, when while the workers is not employed. A certain amount of frictional unemployment is inevitable due to the constant process of economic change.

Fenster schliessen

Why coult a certain amount of frictional employment be a good thing in the economy?

Because the economy is more productive if workers take the time to find jobs that are well matched to their skills, and workers who are unemployed for a brief period while searching for the right job don’t experience great hardship.

Fenster schliessen

Explain the term structural unemployment

Lizenzierung: Keine Angabe

Structural unemployment is unemployment that results when there are more people seeking jobs in a particular labor market than there are jobs available at the current wage rate.

Fenster schliessen

Explain the term collective bargaining

Collective bargaining is a process of negotiation between epmployer and labor unions. Labor unions exercise bargaining power by threatening firms with a labor strike, a collective refusal of work. Unions also bargain over benefits, such as health care and pensions, which we can think of as additional wage.