Lesson 15Glossary

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  1. •labor force
  2. •employment rate
  3. •seasonally adjusted unemployment rate
  4. •participation rate
  5. •Underemployment
  6. •discouraged workers
  7. •hidden unemployed
  8. •frictional unemployment
  9. •seasonal unemployment
  10. •structural unemployment
  11. •technological unemployment
  12. •replacement unemployment
  13. geographical unemployment
  14. cyclical unemployment
  15. inadequate demand unemployment
  16. full employment
  17. potential output
  18. actual output

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