Frictional unemployment

people temporarily between jobs. they may have quit one job to find another, or they could be trying to find the best opportunity after graduation.
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Frictional unemployment?
people temporarily between jobs. they may have quit one job to find another, or they could be trying to find the best opportunity after graduation.
Cyclical unemployment?
people who are not working because firms do not need their labor due to a lack of demand or a downturn in the business cycle. these people ar laid off.
Structural unemployment?
involves mismatches between job seekers and job openings. unemployed people who lack skills or do not have sufficient education are placed here/ dumb people.
largest sector of macroeconomy is?
Consumer sector
graph that looks like a pea pod, what does the straight line represent?
equality of income
4 stages of business cycle?
peak, recession, trough, recovery
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