Shared Flashcard Set

Details

Title

Macroeconomics Final - Ch. 31

Description

Definitions from the Ragan Lipsey Canadian Macroeconomics book

Total Cards

Subject

Economics

Level

Undergraduate 1

Created

04/14/2011

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Additional Economics Flashcards

Term

Cyclical Unemployment

Definition

Unemployment not due to frictional or structural factors; it is due to deviations of GDP from Y*

Term

Frictional Unemployment

Definition

Unemployment that results from the turnover int he labour market as workers move between jobs

Term

Structural Unemployment

Definition

Unemployment caused by a mismatch in skills, industry, or location between available jobs and unemployed workers

Term

Bennett

Definition

Goats