Quizzes & Activities
Unemployment (Quizlet Activity)
- AS, A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2020
Here is a twenty-two question Quizlet revision quiz on unemployment.
Our collection of study resources on unemployment can be found here
Key terms on unemployment to revise
- Capital-labour substitution: Replacing workers with machines to increase productivity and reduce the unit cost of production
- Cyclical unemployment: Unemployment caused by a persistent lack of aggregate demand for goods and services.
- Discouraged workers: People out of work for a long time who may give up on job search and effectively leave the labour market.
- Frictional unemployment: Caused by workers seeking a better job; or who are in-between jobs, or new entrants to the labour market
- Full-employment: When there enough job vacancies for all the unemployed to take work.
- Geographical immobility: Difficulty in moving regions / areas to get a job
- Hysteresis: When a sustained period of low aggregate demand can lead to permanent reduction in the active labour supply
- Involuntary unemployment: A situation where a worker is willing to work at the going wage rate but cannot find a job
- Labour force: All people who are of working age, and able and willing to work. It includes both the employed, and the unemployed.
- Long-term jobless: People who have been unemployed for at least one year.
- NAIRU: The rate of unemployment consistent with stable inflation.
- Occupational immobility: Difficulties in learning new skills applicable to a new industry, and technological change
- Participation rate: % of the population of working age declaring themselves to be in the Labour Force.
- Phillips Curve: Shows a possible trade-off between inflation and unemployment
- Real wage unemployment: Theory that wages above the market clearing equilibrium may cause unemployment.
- Structural unemployment: Unemployment resulting from the decline in an industry which leaves people unemployed because they do not have the skills needed by industries that are growing
- Under-employment: When people want to work full time but find that they can only get part-time work
- Unemployment rate: Proportion of the economically active population who are unemployed.
- Unemployment trap: When the prospect of the loss of unemployment benefits dissuades those without work from taking a new job
- Zero hours contracts: Jobs that do not guarantee a minimum number of working hours each week.